Palmolein oil weakens on patchy demand

Palmolein oil prices drifted lower by Rs 100 per quintal at the wholesale oils and oilseeds market in restricted activity today owing to slack demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Traders said sluggish demand from retailers mainly weighed on palmolein oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils prices fell by Rs 100 each to Rs 5,400 and Rs 5,450 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 800- 1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,300, 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 6,500, Soybean Degum (Kandla) Rs 6,100, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,400, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 9,100, Castor Rs 8,900-9,000, Neem Rs 5,350-5,450.