Palmolein oil prices declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to muted demand and weak trend overseas.
Castor oil in the non-edible section, eased on reduced offtake by consuming industries.
Traders said, subdued demand from Vanaspati millers and a weak trend overseas mainly led to decline in palmolein oil prices.
Globally, the benchmark palm oil contract for August delivery fell 0.42 per cent to 2,350 ringgit (USD 589.42) per tonne on the Bursa Malaysia Derivatives Exchange.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils shed Rs 50 each to Rs 7,100 and Rs 7,150 per quintal, respectively.
Among non-edible oils, castor oil also traded lower by Rs 100 to Rs 6,900-7,000 per quintal.
Following are today's quotations (in Rs per quintal):
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