Select edible oils remained weak and prices fell up to Rs 200 per quintal on the wholesale oils and oilseeds market on Saturday due to sluggish demand against adequate stocks position amid a weak global trend.
However, non-edible oils held steady in thin trade. Traders said sluggish demand against adequate stocks position, mainly kept pressure on select wholesale edible oil prices. Besides, a weak global trend too put pressure on the prices, they said.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined by Rs 50 each to Rs 6,900 and Rs 6,450, while crude palm oil (ex-kandla) traded lower by Rs 100 to Rs 6,350 per quintal respectively on weak global cues.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and lost Rs 200 each to Rs 6,550 and Rs 6,050 per quintal, respectively.
The following were today’s quotations per quintal: Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,100-1,250. Edible oils: Groundnut Mill Delivery (Gujarat) 11,300, Groundnut Solvent Refined (per tin) 2,100-2,150, Mustard expeller (Dadri) 6,600, Mustard Pakki Ghani (per tin) 1,260-1,340, Mustard Kachi Ghani (per tin) 1,345-1,445, Sunflower 6,300, Sesame Mill Delivery 13,000, Soybean Refined Mill Delivery (Indore) 6,900, Soyabean Degum (Kandla) 6,450, Crude Palm Oil (Ex—Kandla) 6,350, Cottonseed Mill Delivery (Haryana) 6,200, Palmolein (RBD) Rs 6,550, Palmolein (Kandla) 6,050, Rice Bran (phy) 3,800 and Coconut (per tin)1,340-1,390.
Non-edible oils: Linseed 6,450, Mahuwa 4,000, Castor 8,800-8,900, Neem 4,950-5,050, Rice Bran 3,130-3,230 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.