Palmolein oil remains weak on low demand

Palmolein oil prices drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today due to low demand from retailers.
However, other edible and non-edible oils after moving in a tight range in limited deals, settled around previous levels.
Traders said low demand from retailers against higher supplies from producing belts mainly kept pressure on palmolein oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils shed another Rs 50 each to Rs 5,200 and Rs 5,100 per quintal, respectively.
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 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,850, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,550, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,400, Soyabean Degum (Kandla) Rs 6,100, Crude Palm Oil (Ex-Kandla) Rs 4,150, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,200, Palmolein (Kandla) Rs 5,100 and Coconut (per tin) Rs 2,100-2,125.
Non-edible oils: Linseed Rs 8,450, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.