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Palmolein weakens on subdued demand

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Press Trust of India New Delhi
In restricted activity,palmolein oil prices drifted by Rs 50 per quintal at the wholesale market today on sluggish demand from retailers.

However, other edible and non-edible oils moved in a tight range in scattered buying or selling and settled around previous levels.

Traders said muted demand from retailers 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 5,350 and Rs 5,300 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 850-1,065.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,000, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,900, Mustard Pakki Ghani (per tin) Rs 1,500-1,550, Mustard Kachi Ghani (per tin) Rs 1,550-1,650, Sesame Mill delivery Rs 7,600, Soyabean Refined Mill Delivery (Indore) Rs 6,700, Soyabean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cotton seed Mill Delivery (Haryana) Rs 5,800, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,300 and Coconut (per tin) Rs 1,900-1,950.

Non-edible oils: Linseed Rs 9,100, Castor Rs 9,600-9,700, Neem Rs 5,350-5,450.

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First Published: Dec 22 2015 | 2:28 PM IST

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