Prices of palmolein and crude palm oil declined by Rs 10 per quintal in the wholesale oils and oilseeds market today on reduced offtake by mills amid a weakening global trend.
Trading sentiment turned bearish after palm oil in Malaysia, a main hub of the commodity, fell to its lowest in almost seven months.
Traders said besides, a weakening global trend, subdued demand in domestic markets further fuelled a downtrend in wholesale palmolein and crude palm oil prices here.
In the edible section, palmolein (rbd) and crude palm oil (ex-kandla) lost Rs 10 each at Rs 4,170 and Rs 3,710 per quintal.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 720-830
Edible oils: Groundnut mill delivery (Gujarat) 7,250, groundnut Solvent refined (per tin) 1,180-1,190, Mustard Expeller (Dadri) 4,770, Mustard Pakki ghani (per tin) 665-820, Mustard kachi ghani (per tin) 820-920, Sunflower 6,300
Sesame mill delivery 5,800, Soybean Refined mill delivery (Indore) 4,420 Soyabean degum (Delhi) 4,320, Crude Palm Oil (Ex-kandla) 3,710, Cottonseed mill delivery (Haryana) 4,020, Palmolein (RBD) 4,170, Rice bran (phy) 3,750 and Coconut (per tin) 960-990
Non-edible oils: Linseed 3,950, Mahuwa 4,000, Castor 6,950-7,050, Neem 3,600-3,700, Rice bran 3,200-3,300 and palm fatty 3,225-3,300
Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175
