Palmolein oil slides on subdued demand

Prices of palmolein oil declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market owing to slackened demand.
However, other edible and non-edible oils traded in a tight range on scattered dealers and settled around previous levels.
Traders said sluggish demand from retailers mainly led to the fall in palmolein oil prices.
In the national capital, Palmolein (rbd) and palmolein (Kandla) oils eased by Rs 50 each to Rs 5,700 and Rs 5,550 per quintal, respectively.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 930-1,070.

Edible oils: Groundnut Mill Delivery (Gujarat) 8,450, Groundnut Solvent Refined (per tin) 1,400-1,450, Mustard expeller (Dadri) 7,850, Mustard Pakki Ghani (per tin) 1,250- 1,300, Mustard Kachi Ghani (per tin) 1,300-1,400, sesame mill delivery 7,500, Soyabean Refined Mill Delivery (Indore) 6,700, Soyabean Degum (Kandla) 6,400, Crude Palm Oil (Ex-Kandla) 4,250, Cottonseed Mill Delivery (Haryana) 5,900, Palmolein (RBD) 5,700, Palmolein (Kandla) 5,550 and Coconut (per tin) 2,350-2,400.
Non-edible oils: Linseed 8,400, Castor 9,700-9,800, Neem 5,350-5,450.