Palmolein oils decline on sluggish demand, global cues

Palmolein oil prices declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on sluggish demand amid a weak global trend.
However, non-edible oils remained steady in restricted buying.
Marketmen said sluggish demand and a weak global trend mainly led to decline in palmolein oil prices.
Meanwhile, palm oil for March delivery lost 0.6 per cent to USD 792 a tonne on the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils declined by Rs 50 each at Rs 6,550 and Rs 6,150 per quintal, respectively.
The following are today's quotations per quintal:

Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,160-1,290.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,150, Groundnut Solvent Refined (per tin) 2,000-2,050, Mustard expeller (Dadri) 7,500, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,600, Soybean Refined Mill Delivery (Indore) 7,550, Soyabean Degum (Kandla) 7,250, Crude Palm Oil (Ex-Kandla) 5,500, Cottonseed Mill Delivery (Haryana) 6,450, Palmolein (RBD) Rs 6,550, Palmolein (Kandla) 6,150, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.
Non-edible oils: Linseed 7,100, Mahuwa 4,000, Castor 9,400-9,500, Neem 5,300-5,400, Rice Bran 3,170-3,270 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.