Prices of palmolein and crude palm oil fell by up to Rs 30 per quintal in the wholesale oils and oilseeds market today on sluggish demand at prevailing higher levels amid weakening global trend.
Trading sentiments turned bearish as palm oil fell after commodities dropped the most in more than two years in global markets on concern that economic growth will slow down as central banks seeks to cool inflation by raising borrowing costs.
Meanwhile, palm oil declined by 1.8% to $1,057 a metric tonne on the Malaysia Derivatives Exchange, the lowest level since March 24.
In the national capital, palmolein (rbd) and palmolein (kandla) oils lost Rs 30 each to Rs 5,720 and Rs 5,420 per quintal, respectively, while crude palm oil (ex-kandla) shed Rs 20 to Rs 5,200 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) 8,000, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,400, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015
Sunflower 6,300, Sesame mill delivery 6,180, soybean Refined mill delivery (Indore) 6,120, Soyabean degum (Kandla) 5,770, Crude Palm Oil (Ex-kandla) 5,200, Cottonseed mill delivery (Haryana) 5,470, Palmolein (RBD) Rs 5,720 Palmolein (Kandla) 5,420, 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 4,000-4,100, 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
