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Soyabean oil declines on stockists selling

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Press Trust of India New Delhi
Last Updated : May 13 2014 | 3:16 PM IST
Soyabean oil prices drifted by Rs 100 per quintal on the wholesale oils and oilseeds market today on stockists selling against low demand at prevailing levels.
Castor oil in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said sluggish demand at prevailing levels against sufficient stocks position mainly kept pressure on soyabean oil prices.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by Rs 100 each to Rs 7,500 and Rs 7,300 per quintal respectively.
Among non-edible oils, castor shed Rs 50 at Rs 9,450-9,550 per quintal.
The following were today's quotations per quintal:
Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

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Vanaspati Ghee (15-litre tin) 1,120-1,340.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,450, Groundnut Solvent Refined (per tin) 1,900-1,950, Mustard expeller (Dadri) 7,350, Mustard Pakki Ghani (per tin) 1,290-1,370, Mustard Kachi Ghani (per tin) 1,375-1,475, Sunflower 6,300, Sesame Mill Delivery 9,300, Soybean Refined Mill Delivery (Indore) 7,500, Soyabean Degum (Kandla) 7,300, Crude Palm Oil (Ex-Kandla) 5,750, Cottonseed Mill Delivery (Haryana) 6,400, Palmolein (RBD) Rs 6,900, Palmolein (Kandla) 6,550, Rice Bran (phy) 3,800 and Coconut (per tin)2,000-2,050.
Non-edible oils: Linseed 7,450, Mahuwa 4,000, Castor 9,450-9,550, Neem 5,300-5,400, Rice Bran 3,150-3,250 and Palm Fatty 3,200-3,300.
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.

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First Published: May 13 2014 | 3:16 PM IST

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