Palmolein, soyabean decline on subdued demand

Prices of palmolein and soyabean oil fell by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand.
Castor oil, in the non-edible segment, also eased owing to muted industrial demand.
Traders attributed the fall in palmolein and soyabean oil prices to slackened demand from retailers.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,500 and Rs 5,400 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils edged up by a similar margin to Rs 6,500 and Rs 6,200 per quintal respectively.

Among non-edible segment, castor oil shed Rs 50 at Rs 9,800-9,900 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 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,100, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,325-1,375, Mustard Kachi Ghani (per tin) Rs 1,375-1,475, sesame mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,500, Soyabean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,500, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,550, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.