Tracking weakening global trend, edible oils remained weak and prices fell by up to Rs 50 per quintal in the wholesale oils and oilseeds market today.
Trading sentiment remained weak after palm oil slumped to over nine-month low level in global markets on concerns that the US credit-rating downgrade may slowdown global economy.
Meanwhile, palm oil futures for the October-delivery contract lost 2.5% to $959 a tonne on the Malaysia Derivatives Exchange, the lowest level since October 20.
In the national capital, soyabean refined mill delivery (Indore)and soyabean degum (Kandla) oils remained under pressure and lost Rs 25 each to Rs 6,375 and Rs 5,875, respectively.
Crude palm oil followed suit and traded lower by the same margin to Rs 5,125 per quintal.
Palmolein (rbd) and palmolein (Kandla) oils also fell by Rs 50 each to Rs 5,750 and Rs 5,450 per quintal, respectively.
Following were today's quotations:
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) 8,500, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 5,980, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015
Sunflower 6,300, Sesame mill delivery 6,200, soybean Refined mill delivery (Indore) 6,375, Soyabean degum (Kandla) 5,875, Crude Palm Oil (Ex-kandla) 5,125, Cottonseed mill delivery (Haryana) 5,530
Palmolein (RBD) Rs 5,750 Palmolein (Kandla) 5,450, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760
Non-edible oils: Linseed 4,500, Mahuwa 4,000, Castor 8,400-8,500, Neem 4,000-4,100, 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
