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Palmolein oil slides on sluggish demand

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Press Trust of India New Delhi
Palmolein oil prices declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to slackened 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 subdued 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 6,250 and Rs 6,300 per quintal, respectively.

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

Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 12,800, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,900, Mustard Pakki Ghani (per tin) Rs 1,400-1,445, Mustard Kachi Ghani (per tin) Rs 1,450-1,550, Sesame Mill delivery Rs 7,900, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,550, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) Rs 6,300 and Coconut (per tin) Rs 1,700-1,750.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Sep 27 2016 | 2:13 PM IST

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