Palmolein declines by Rs 50 per quintal on subdued demand

Palmolein oil prices fell by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to subdued demand at prevailing higher levels.
However, other edible and non-edible oils after moving in a narrow range in limited deals and settled around previous levels.
Traders said subdued demand at prevailing levels mainly led to decline in palmolein prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils traded Rs 50 each lower at Rs 6,900 and Rs 6,550 per quintal, respectively.
The following were today's quotations per quintal:
Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,120-1,340.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,450, Groundnut Solvent Refined (per tin) 1,900-1,950, Mustard expeller (Dadri) 7,350, Mustard Pakki Ghani (per tin) 1,290-1,370, Mustard Kachi Ghani (per tin) 1,375-1,475, Sunflower 6,300, Sesame Mill Delivery 9,300, Soybean Refined Mill Delivery (Indore) 7,600, Soyabean Degum (Kandla) 7,400, Crude Palm Oil (Ex-Kandla) 5,750, Cottonseed Mill Delivery (Haryana) 6,400, Palmolein (RBD) Rs 6,900, Palmolein (Kandla) 6,550, Rice Bran (phy) 3,800 and Coconut (per tin)2,000-2,050.
Non-edible oils: Linseed 7,450, Mahuwa 4,000, Castor 9,500-9,600, Neem 5,300-5,400, Rice Bran 3,150-3,250 and Palm Fatty 3,200-3,300.
Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.