Palmolein, soyabean oils slide on low demand

Prices of palmolein and soyabean oils declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand.

Castor oil also eased on reduced offtake by consuming industries.

Traders said easing demand from retailers against sufficient stocks position on increased supplies from producing belts mainly kept pressure on palmolein and soyabean oil prices.

In the national capital,palmolein (RBD) and palmolein (Kandla) oils declined by Rs 50 each to Rs 6,000 and Rs 6,050 per quintal respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also enquired lower by a similar margin to Rs 6,850 and Rs 6,450 per quintal respectively.

In the non-edible section, castor oil too shed Rs 50 to Rs 9,250-9,350 per quintal.

Following are today'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 8,000, Groundnut Solvent Refined (per tin) Rs 1,450-1,550, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,800, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) Rs 6,050 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,250-9,350, Neem Rs 5,350-5,450.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)