16/02/2011 (MSN News) - Prices of palmolein and crude palm oils declined by Rs 20 per quintal on the wholesale oils and oilseeds market today, largely in tandem with weakening global trends.
Trading sentiments turned bearish after palm oil dropped in global market, tracking crude oil that traded near the lowest level in 10 weeks, after an end to protests in Egypt eased concerns that oil shipments from the Middle East will be disrupted.
Meanwhile, palm oil futures for the April-delivery contract declined 0.9 per cent to USD 1,284 a tonne on the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and crude palm oil (ex-kandla) fell by Rs 20 each to Rs 6,230 and Rs 5,680 per quintal, respectively.
Following are today''s quotations in Rs per quintal:
Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850.
Vanaspati ghee (15 litres tin) 1065-1140.
Edible oils: Groundnut mill delivery (Gujarat) 7,350, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,920, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025, Sunflower 6,300, Sesame mill delivery 6,410, soybean Refined mill delivery (Indore) 6,420, Soyabean degum (Kandla) 6,100, Crude Palm Oil (Ex-kandla) 5,680, Cottonseed mill delivery (Haryana) 5,820, Palmolein (RBD) 6,230, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560.
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,100-4,200, Rice bran 3,300-3,400 and palm fatty 3,225-3,300.
Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.