Palmolein oil trades lower on global cues

In restricted activity, palmolein oil traded marginally lower by Rs 10 per quintal on the oils and oilseeds market today largely on weakening global trend.  

However, other edible and non-edible oils were held steady on some support. 

Traders said reduced offtake at existing higher levels, amid weakening global trend, led to a decline in wholesale palmolein oil prices.  

Meanwhile, palm oil futures for March-delivery fell 1.3 per cent to $1,193 a tonne on the Malaysia Derivatives Exchange, the lowest level since December 24.

In the national capital, palmolein (rbd)oil shed Rs 10 to Rs 6,250 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) 925-960

Edible oils: Groundnut mill delivery (Gujarat) 7,600, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 6,170, Mustard Pakki ghani (per tin) 780-935, Mustard kachi ghani (per tin) 935-1,035

Sunflower 6,300, Sesame mill delivery 6,300, soybean Refined mill delivery (Indore) 6,330, Soyabean degum (Kandla) 6,130, Crude Palm Oil (Ex-kandla) 5,620

Cottonseed mill delivery (Haryana) 5,720, Palmolein (RBD) 6,250, Rice bran (phy) 3,750 and Coconut (per tin) 1,415-1,475

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,650-8,750, Neem 4,100-4,200, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175