New Delhi, Aug 19 (PTI) Edible oil prices fell by up to Rs 50 per quintal on the wholesale market here today on selling by stockists in tandem with a weakening global trend.
However, non-edible oils moved in a tight range on lack of buying support and settled around previous levels.
Sentiments turned bearish after palm oil declined in the overseas markets, on deepening concern that a slowing global economy may reduce demand for the tropical commodity used in food and fuel.
Meanwhile, palm oil futures for November delivery fell by 0.8 per cent to USD 1,004 per tonne on the Malaysia Derivatives Exchange.
In addition, sluggish demand at prevailing high levels also dampened trading sentiment to some extent.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils declined by Rs 20 each to Rs 5,900 and Rs 5,600, while soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils lost Rs 50 each to trade at Rs 6,520 and Rs 5,970 per quintal, respectively.
Crude palm oil (ex-kandla) followed suit and declined by Rs 50 to Rs 5,220 per quintal.
Following are today''s quotations:
Oilseeds: mustard seed 2,525-2,655 and Groundnut seed 2,100-2,850.
Vanaspati ghee (15 litres tin) 1,065-1,140.
Edible oils: Groundnut mill delivery (Gujarat) 8,500, groundnut solvent refined (per tin) 1,450-1,460, mustard expeller (Dadri) 6,000, mustard pakki ghani (per tin) 760-915, mustard kachi ghani (per tin) 915-1,015, sunflower 6,300, sesame mill delivery 6,250, soybean refined mill delivery (Indore) 6,520, soyabean degum (Kandla) 5,970, crude palm oil (ex-kandla) 5,220, cottonseed mill delivery (Haryana) 5,570, palmolein (RBD) Rs 5,900 palmolein (Kandla) 5,600, rice bran (phy) 3,750 and coconut (per tin) 1,720-1,780.
Non-edible oils: Linseed 4,500, mahuwa 4,000, castor 8,400-8,500, Neem 4,050-4,150, rice bran 3,300-3,400 and palm fatty 3,225-3,300.
Oilcakes: Groundnut dehusk 800-850, sesame 950-1,150, mustard (new) 1,000-1,025, mustard 1,200-1,210 and cottonseed 1,075-1,175.
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