Soyabean, palmolein decline on global cues

In limited deals, prices of soyabean and palmolein oils traded marginally lower by Rs 10 per quintal on the wholesale oils and oilseeds market today on reduced offtake amid weak global trend.

However, non-edible oils remained quiet in the absence of worthwhile activity. 

Traders said reduced offtake by millers amid weak global trend, mainly led to fall in wholesale soyabean and palmolein oil prices.

Meanwhile, palm oil futures for the January-delivery contract dropped 1 per cent to $981 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, soyabean refined mill delivery (Indore) and palmolein (rbd) oils traded lower by Rs 10 each to Rs 5,340 and Rs 5,240 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) 815-910

Edible oils: Groundnut mill delivery (Gujarat) 8,500, groundnut Solvent refined (per tin) 1,460-1,470, Mustard Expeller (Dadri) 5,400, Mustard Pakki ghani (per tin) 735-890, Mustard kachi ghani (per tin) 890-990

Sunflower 6,300, Sesame mill delivery 5,900, soybean Refined mill delivery (Indore) 5,340, Soyabean degum (Delhi) 5,100, Crude Palm Oil (Ex-kandla) 4,350, Cottonseed mill delivery (Haryana) 4,720, Palmolein (RBD) 5,240, Rice bran (phy) 3,750 and Coconut (per tin) 1,200-1,260

Non-edible oils: Linseed 4,200, Mahuwa 4,000, Castor 8,400-8,500, Neem 3,700-3,800, 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