Palmolein, soyabean oils ease on subdued demand

Prices of palmolein and soyabean oil were down by Rs 50 per quintal at the wholesale oil and oilseeds market today owing to slackened demand from retailers.
However, other edible and non-edible oils moved in a tight range in limited deals and settled around previous levels.
Traders said besides sluggish demand from retailers, adequate stocks position mainly kept pressure on palmolein and soyabean oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils declined by Rs 50 each to Rs 5,650 and Rs 5,550 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also weakened by a similar margin to Rs 6,650 and Rs 6,350 per quintal respectively.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 930-1,070.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,750, Groundnut Solvent Refined (per tin) Rs 1,625-1,675, Mustard expeller (Dadri) Rs 7,150, Mustard Pakki Ghani (per tin) Rs 1,220-1,270, Mustard Kachi Ghani (per tin) Rs 1,270-1,370, sesame mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,650, Soyabean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cottonseed Mill Delivery (Haryana) Rs 5,600, Palmolein (RBD) Rs 5,650, Palmolein (Kandla) Rs 5,550 and Coconut (per tin) Rs 2,375-2,425.
Non-edible oils: Linseed Rs 8,250, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.