Palmolein oils weaken on muted demand

Palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today on sluggish demand.
However, linseed and castor oils, in the non-edible segment, edged up on increased offtake by consuming industries.
Traders attributed the fall in palmolein oil prices to low demand from retailers.
However, pick up in demand from consuming industries helped linseed and castor oil prices to trade higher, they said.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,800 and Rs 5,850 per quintal, respectively.
On the other hand, linseed oil edged up by Rs 25 to Rs 9,400 per quintal. Castor oil traded higher by Rs 50 to Rs 9,550-9,650 per quintal.

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 10,300, Groundnut Solvent Refined (per tin) Rs 1,850-1,950, Mustard expeller (Dadri) Rs 8,100, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,300, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cotton seed Mill Delivery (Haryana) Rs 5,950, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,850 and Coconut (per tin) Rs 1,600-1,650.

Non-edible oils: Linseed Rs 9,400, Castor Rs 9,550-9,650, Neem Rs 5,350-5,450.