Groundnut, palmolein oils slide on low demand

Prices of groundnut and palmolein oil declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
Castor oil in the non-edible section also traded lower on reduced offtake by consuming industries.
Traders said muted demand from retailers against adequate stocks position mainly helped groundnut and palmolein oil prices to trade lower.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 9,700 per quintal.
Palmolein (RBD) and palmolein (Kandla) oils also enquired lower by a similar margin to Rs 5,500 and Rs 5,550 per quintal respectively.

In the non-edible section, castor oil too eased by by Rs 50 to Rs 9,200-9,300 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 9,700, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,400, Soybean Degum (Kandla) Rs 6,000, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,500, Palmolein (Kandla) Rs 5,550 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 9,300, Castor Rs 9,200-9,300, Neem Rs 5,350-5,450.