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Palmolein oil declines on subdued demand

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Press Trust of India New Delhi
Palmolein oil prices fell by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on sluggish demand from retailers.

However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.

Traders said sluggish demand from retailers mainly led to decline in palmolein oil prices.

In the national capital, palmolein (rbd) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,450 and Rs 5,350 per quintal respectively.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,850, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,500, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,500, Soyabean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,750, Palmolein (RBD) Rs 5,450, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,225-2,250.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.

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First Published: Aug 07 2015 | 2:42 PM IST

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