Select edible oils slide on subdued demand
Select edible oil prices drifted down by Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand.
Castor oil in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said easing demand from vanaspati millers and retailers against sufficient stocks position mainly led to decline in select edible oil prices.
In the national capital, mustard expeller (Dadri) oil weakened by Rs 100 to Rs 7,900 per quintal.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also drifted lower by Rs 100 each to Rs 6,900 and Rs 6,500 per quintal respecrtively.
Palmolein (RBD) and Palmolein (Kandla) oils too traded lower by a similar margin to Rs 6,000 and Rs 6,050 per quintal respectively.
In the non-edible section, castor oil declined by Rs 100 to Rs 9,300-9,400 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 8,300, Groundnut Solvent Refined (per tin) Rs 1,500-1,600, 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 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,500, 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 9,300-9,400, Neem Rs 5,350-5,450.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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