Palmolein oil weakens on subdued demand

In restricted activity, palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today on subdued demand from retailers.
However, other edible and non-edible oils moved in a tight range in scattered deals and settled around previous levels.
Traders said sluggish demand from retailers mainly led to the fall in palmolein prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils traded lower by Rs 50 each to Rs 5,950 and Rs 5,750 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) 1,140-1,250.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,300, Groundnut Solvent Refined (per tin) 1,300-1,375, Mustard expeller (Dadri) 7,000, Mustard Pakki Ghani (per tin) 1,225-1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,100, Soyabean Refined Mill Delivery (Indore) 6,500, Soyabean Degum (Kandla) 6,200, Crude Palm Oil (Ex-Kandla) 5,000, Cottonseed Mill Delivery (Haryana) 6,050, Palmolein (RBD) Rs 5,950, Palmolein (Kandla) 5,750 and Coconut (per tin) 2,650-2,700.
Non-edible oils: Linseed 7,800, Castor 9,650-9,750, Neem 5,350-5,450.