Palmolein, soyabean oils slide on subdued demand

By: |
New Delhi | Published: July 8, 2016 3:05:34 PM

Prices of palmolein and soyabean oil drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

Price rise, Price rise news, price rise latest, Edible oils, Edible oils latest, edible oil newsPrices of palmolein and soyabean oil drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market ( reuters)

Prices of palmolein and soyabean oil drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

However, other edible and non-edible oils held steady in thin trade.

Traders said muted demand from retailers against sufficient stocks position mainly led to decline in palmolein and soyabean oil prices.

In the national capital, palmolein (rbd) and palmolein (Kandla) oils declined by Rs 50 each to Rs 5,800 and Rs 5,850 per quintal respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also traded lower by a similar margin to Rs 6,750 and Rs 6,450 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 13,000, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,550, Mustard Pakki Ghani (per tin) Rs 1,350-1,400, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,400, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,850 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,800, Castor Rs 9,550-9,650, Neem Rs 5,350-5,450.

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