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Palmolein weakens 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 sluggish demand.

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 against sufficient stocks mainly led to a fall in palmolein oil prices.

In the national capital,palmolein (rbd) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,400 and Rs 5,350 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 850-1,065.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,000, Groundnut Solvent Refined (per tin) Rs 1,690-1,740, Mustard expeller (Dadri) Rs 8,750, Mustard Pakki Ghani (per tin) Rs 1,520-1,570, Mustard Kachi Ghani (per tin) Rs 1,570-1,670, Sesame Mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,150, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,400, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 9,000, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.

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First Published: Nov 24 2015 | 2:57 PM IST

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