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Palmolein oil softens on sluggish demand

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Press Trust of India New Delhi
In restricted activities, palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to subdued demand.

However, castor oil in the non-edible section, edged up on increased offtake by consuming industries.

Traders said easing demand from retailers against adequate stocks position mainly weighed on palmolein oil prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,300 and Rs 5,350 per quintal, respectively.

On the other hand, castor oil in the non-edible section, traded higher by Rs 50 to Rs 8,950-9,050 per quintal.
 

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 9,300, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,500, Soybean Degum (Kandla) Rs 6,100, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,300, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 9,100, Castor Rs 8,950-9,050, Neem Rs 5,350-5,450.

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

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First Published: Jun 28 2017 | 2:32 PM IST

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