Malaysia further slashed export prices of Palmolein by $7 to $330 tonne to push up export to India, consequently, palmolein in Mumbai fell to Rs. 2,050 a quintal. Palmolein in Malaysia, during last month was priced at Rs 375 a tonne. Following a sharp fall in palmolein prices, domestic industry was hit hard. Consequently, mustard, sesame, soyabean and cottonseed mill delivery oils, in edible section fell sharply by Rs 20 to Rs 60 a quintal. Mustard laha further dipped by Rs 20 a quintal as its prices in the producing states of Haryana and Rajasthan were ruling below the MSP of Rs. 1,100 a quintal, reported from Delhi markets. |
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