Trade body puts soybean supply at 104 lakh tonnes | Soy Market (Jan 22, 2018)

Soybean oil prices fell further by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to slackened demand.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels.

Marketmen said subdued demand against adequate stocks position mainly kept soybean oil prices lower.

In the national capital, soybean refined mill delivery (Indore) and soybean degum (Kandla) oils shed another Rs 50 each to Rs 7,500 and Rs 7,100 per quintal, respectively.

Following are 20th January'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 1,675-1,775, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,700, Soybean Refined Mill Delivery (Indore)

Rs 7,500, Soybean Degum (Kandla) Rs 7,100, Crude Palm Oil (Ex-Kandla) Rs 5,100, Cottonseed Mill Delivery (Haryana) Rs 6,800, Palmolein (RBD) Rs 6,150, Palmolein (Kandla) Rs 6,200 and Coconut (per tin) Rs 3,000-3,050.

Non-edible oils: Linseed Rs 8,900, Castor Rs 7,900-8,000, Neem Rs 5,350-5,450.

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