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Select edible oils remain down weak global trend

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Agencies

Posted: Oct 11, 2008 at 1531 hrs IST

New Delhi, October 11: Select edible oils, palmolein and crude palm, remained weak in the national capital and lost up to Rs 100 per quintal on increased selling by stockists sparked by a weakening trend in global markets.

Palmolein and crude palm oil (ex-kandla) remained under selling pressure and lost another Rs 50 each at Rs 4,450 and Rs 3,050 per quintal respectively.

Cottonseed mill delivery oil dropped by Rs 100 to Rs 4650 per quintal.

In line with weakening trend, mustard expeller oil fell by Rs 50 to Rs 6,500 per quintal, while mustard pakki and kachi ghani oils shed Rs 10 each at Rs 715-880 and Rs 880-955 per tin.

Marketmen said increased selling by stockists in line with a weakening global trend mainly pulled down select edible oil prices.

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