Palmolein oil weakens on global cues

Palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market in the national capital today largely on weak trend overseas.

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

Traders attributed the slide in palmolein oil prices to a weak trend overseas.

Meanwhile, palmolein oil for October was trading down by 0.8 percent at 2,195 ringgit (USD 535.10) a tonne on the Bursa Malaysia Derivatives Exchange.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils shed Rs 50 each to Rs 6,600 and Rs 6,650 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 9,700, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,300, Mustard Pakki Ghani (per tin) Rs 1,295-1,340, Mustard Kachi Ghani (per tin) Rs 1,345-1,445, Sesame mill delivery Rs 10,200, Soybean Refined mill delivery (Indore) Rs 7,700, Soybean Degum (Kandla) Rs 7,300, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed mill delivery (Haryana) Rs 7,700, Palmolein (RBD) Rs 6,600, Palmolein (Kandla) Rs 6,650 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 9,600, Castor Rs 7,200-7,300, Neem Rs 5,350-5,450.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)