Select edible oils prices fell by up to Rs 50 per quintal in the wholesale oils and oilseeds market today on sluggish demand amid a weakening global trend.
Sentiments remained bearish as palm oil dropped in Malaysia after US farmers accelerated soybean plantings amid warmer, drier weather last week. Crude oil also declined, cutting the appeal of vegetable oils as feedstock for biofuels.
Meanwhile, palm oil for the August-delivery fell by 0.4%, to $1,072 a tonne on the Malaysia Derivatives Exchange.
In the national capital, soybean refined mill delivery (Indore) and soybean degum (Kandla) oils remained weak and shed another Rs 30 each to Rs 6,250 and Rs 5,850, respectively, while crude palm oil (ex-kandla) shed Rs 20 to Rs 5,230 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 are today's quotations 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) 8,100, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,800, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015
Sunflower 6,300, Sesame mill delivery 6,230, soybean Refined mill delivery (Indore) 6,250, Soyabean degum (Kandla) 5,850, Crude Palm Oil (Ex-kandla) 5,230, Cottonseed mill delivery (Haryana) 5,530, Palmolein (RBD) Rs 5,750 Palmolein (Kandla) 5,450, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660
Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,500-8,600, Neem 4,150-4,250, 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
