Palmolein remains weak on low demand

Prices of palmolein fell further by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers and vanaspati millers.
However, other edible and non-edible oils continued to trade in a tight range in limited deals and settled around previous levels.
Traders said said easing demand from retailers and vanaspati millers against ample stocks position mainly kept pressure on palmolein oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils fell further by Rs 50 each to Rs 5,650 and Rs 5,700 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 10,600,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,650, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana) Rs 6,650, Palmolein (RBD) Rs 5,650, Palmolein (Kandla) Rs 5,700 and Coconut (per tin) Rs 1,750-1,800.
Non-edible oils: Linseed Rs 9,900, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.