Palmolein oil eases on sluggish demand

Palmolein oil eases on sluggish demand
x
Highlights

In restricted activity, palmolein oil prices softened by Rs 50 per quintal at the wholesale oils and oilseeds market today on subdued demand. However, castor oil in the non-edible section, traded higher on increased offtake by consuming industries. Traders said muted demand from retailers against adequate stocks position, mainly led to decline in palmolein oil prices. 

New Delhi: In restricted activity, palmolein oil prices softened by Rs 50 per quintal at the wholesale oils and oilseeds market today on subdued demand. However, castor oil in the non-edible section, traded higher on increased offtake by consuming industries. Traders said muted demand from retailers against adequate stocks position, mainly led to decline in palmolein oil prices.

In the national capital, palmolein (RBD) and palmomein (Kandla) oils were down by Rs 50 each to Rs 5,350 and Rs 5,400 per quintal respectively. On the other hand, castor oil in the non-edible section, edged up by Rs 100 to Rs 9,100-9,200 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 9,400, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,050-2,100. Non-edible oils: Linseed Rs 9,000, Castor Rs 9,100-9,200, Neem Rs 5,350-5,450.

Show Full Article
Print Article
Next Story
More Stories
ADVERTISEMENT
ADVERTISEMENTS