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Palmolein Oil Weakens on Subdued Demand
calendar27-07-2017 | linkIndia.com | Share This Post:

27/07/2017 (India.com) - Palmolein oil prices fell by Rs 50 per quintal at the wholesale oils and oilseeds market today on sluggish demand from retailers.

Linseed oil, in the non-edible section, also ended lower on reduced offtake by consuming industries.

Traders said subdued demand from retailers attributed the slide in palmolein oil prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,200 and Rs 5,250 per quintal, respectively.

In the non-edible section, linseed oil also traded lower by Rs 100 to Rs 8,900 per quintal.

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 9,000, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,800, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,000, Soybean Refined Mill Delivery (Indore) Rs 6,550, Soybean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,400, Palmolein (RBD) Rs 5,200, Palmolein (Kandla) Rs 5,250 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,900, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.

This is published unedited from the PTI feed.