Palmolein oil weakens on global cues
Palmolein oil prices softened by Rs 50 per quintal at the wholesale oils and oilseeds market today on weak global cues.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at lastlevels.
Traders attributed the slide in palmolein oil prices to a weak trend overseas.
Globally, the benchmark palm oil contract for July delivery dipped 0.1 per cent to 2,381 ringgit (USD 603.09) a tonne on the Bursa Malaysia Derivatives Exchange.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 7,150 and Rs 7,200 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 8,500, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,000, Soybean Refined Mill Delivery (Indore) Rs 7,600, Soybean Degum (Kandla) Rs 7,200, Crude Palm Oil (Ex-Kandla) Rs 5,450, Cottonseed Mill Delivery (Haryana) Rs 6,900, Palmolein (RBD) Rs 7,150, Palmolein (Kandla) Rs 7,200 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 8,800, Castor Rs 7,100-7,200, Neem Rs 5,350-5,450.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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