Palmolein oil eases on subdued demand,global cues

Traders said slackened demand and reports of a weakening global trend mainly led to decline in palmolein prices.

Meanwhile,palm oil fell 0.6 per cent on the Malaysian Derivatives Exchange.

In the national capital,palmolein (rbd) and palmolein (kandla) oils declined by Rs 30 each to Rs 7,000 and Rs 6,650 per quintal,respectively.

The following were today’s quotations per quintal: Oilseeds: Mustard Seed 2,550-2,680 and Groundnut Seed 2,125-2,875.

Vanaspati Ghee (15-litre tin) 1,030-1,090.

Edible oils: Groundnut Mill Delivery (Gujarat) 9,800,Groundnut Solvent Refined (per tin) 1,600-1,650,Mustard Expeller (Dadri) 7,850,Mustard Pakki Ghani (per tin) 1,000-1,155,Mustard Kachi Ghani (per tin) 1,155-1,255,Sunflower 6,300,Sesame Mill Delivery 7,580,Soybean Refined Mill Delivery (Indore) 7,230,Soyabean Degum (Kandla) 6,830,Crude Palm Oil (Ex-Kandla) 6,750,Cottonseed Mill Delivery (Haryana) 6,650,Palmolein (RBD) Rs 7,000,Palmolein (Kandla) 6,650,Rice Bran (phy) 3,800 and Coconut (per tin) 1,550-1,600.

Non-edible oils: Linseed 4,700,Mahuwa 4,000,Castor 8,300-8,400,Neem 4,150-4,250,Rice Bran 3,280-3,380 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 800-850,Sesame 950-1,150,Mustard (New) 1,000-1,025,Mustard 1,200-1,210 and Cottonseed 1,075-1,175.