Edible oil prices continued to slide for the second straight day by losing up to Rs 200 per quintal on the wholesale oils and oilseeds market today on sustained selling by stockists influenced by weakening global trends.
Sentiment remained bearish after palm oil tumbled to the lowest in almost three months in global markets on expectation that output in Malaysia, the second-largest producer, may grow this year and on speculation unrest in Libya and the Middle East may continue.
Meanwhile, palm oil futures for the May contract dropped 3.3 per cent to $1,113 a tonne on the Malaysia Derivatives Exchange, the lowest since November 30, 2010.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) remained weak and lost Rs 30 and Rs 50 to Rs 6,220 and Rs 5,900 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) plunged by Rs 200 and Rs 100 to Rs 5,900-5,700, while crude palm oil (ex-kandla) shed Rs 150 to Rs 5,350 per quintal.
In line with a general weakening trend, cottonseed mill delivery (Haryana) lost Rs 50 to Rs 5,750 per quintal.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140
Edible oils: Groundnut mill delivery (Gujarat) 7,400, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 6,000, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025, Sunflower 6,300, Sesame mill delivery 6,390
soybean Refined mill delivery (Indore) 6,220, Soyabean degum (Kandla) 5,900, Crude Palm Oil (Ex-kandla) 5,350, Cottonseed mill delivery (Haryana) 5,750, Palmolein (RBD)Rs 5,900 Palmolein (Kandla) 5,700, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,050-4,150, Rice bran 3,300-3,400 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
