Tuesday, March 9, 2010

Select edible oils decline on poor global cues


New Delhi, Mar 9 (PTI) Select edible oil prices fell up to Rs 30 per quintal on the wholesale oils and oilseeds market today largely in tandem with weakening trend overseas.

Sluggish demand from millers as well as retailers also kept pressure on select edible oil prices.

Meanwhile, palm oil futures for May-delivery contract dropped 0.5 per cent to USD 807 a metric tonne in Kuala Lumpur.

Marketmen said, subdued demand against adequate stocks position also helped select wholesale edible oil prices to trade lower.

In the national capital, soyabean refined mill (Indore) and crude palm oil (Ex-kandla) declined by Rs 30 each to Rs 4,550 and Rs 3,700 while palmolein (rbd) shed Rs 20 at Rs 4,200 per quintal.

Following are today's quotations per quintal

Oilseeds: mustard seed 2,550-2,650 and groundnut seed 2,100-2,850.

Vanaspati ghee (15 litres tin) 720-830

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