Palmolein oil prices fall due to selling at low prices amid market closure abroad
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On Monday, amid the closure of Chicago and Malaysia exchanges on the occasion of New Year, the prices of Palmolein Delhi and Palmolein Ex-Kandla oil fell due to traders selling the palmolein oil which was earlier bought at a higher price at a lower price in the oil-oilseeds markets of the country. Was registered. The prices of all other oils and oilseeds (mustard, groundnut, soybean oil-oilseeds, crude palm oil (CPO) and cottonseed oil) closed at previous levels. Sources in the market said that due to the closure of Chicago and Malaysia exchanges, the prices of the country’s processing mills Today the company did not release the prices of many other edible oils including palmolein.
Traders who had earlier bought palmolein at a higher price, sold it at a slightly lower price due to weak winter demand, resulting in a decline in palmolein oil prices. He said that the traders who had bought soybean or any other imported edible oil or oilseeds including mustard at higher prices are also not lifting their deals. These traders appear to be waiting for a correction in prices. This beginning of the new year is not a good sign for the oil-oilseeds industry. This may further affect the country’s oil-oilseed production.
Due to sluggish business amid closure of foreign markets, the prices of all other oils and oilseeds remained at the previous level. After Madhya Pradesh, today about 25 bags of new mustard arrived in Ramganj Mandi of Rajasthan. The prices of oil and oilseeds on Monday were as follows: Mustard oilseeds – Rs 5,275-5,325 (42 percent condition price) per quintal. Groundnut – Rs 6,715-6,790 per quintal. Groundnut Oil Mill Delivery (Gujarat) – Rs 15,780 per quintal. Groundnut refined oil Rs 2,355-2,630 per tin. Mustard oil Dadri- Rs 9,650 per quintal. Mustard Pakki Ghani – Rs 1,650 -1,745 per tin.
Mustard Kachchi Ghani – Rs 1,650 -1,750 per tin. Sesame Oil Mill Delivery – Rs 18,900-21,000 per quintal. Soybean Oil Mill Delivery Delhi – Rs 9,350 per quintal. Soybean Mill Delivery Indore – Rs 9,250 per quintal. Soybean oil Degum, Kandla – Rs 7,800 per quintal. CPO ex-Kandla – Rs 7,560 per quintal. Cottonseed Mill Delivery (Haryana) – Rs 8,125 per quintal. Palmolein RBD, Delhi – Rs 8,780 per quintal. Palmolein Ex- Kandla – Rs 7,950 (without GST) per quintal. Soybean grain – Rs 4,910-4,970 per quintal. Soybean loose – Rs 4,720-4,770 per quintal. Maize cake (Sariska) – Rs 4,050 per quintal.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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