Palmolein, soyabean oils slide on low demand

Palmolein and soyabean oil prices drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market today following sluggish demand from retailers.
However, other edible and non-edible oils moved in a narrow range in scattered deals and settled around previous levels.
Traders said said subdued demand from retailers against ample stocks position mainly led to decline in palmolein and soyabean oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils remained weak and shed another Rs 50 each to Rs 5,700 and Rs 5,750 per quintal.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded lower by a similar margin to Rs 6,600 and Rs 6,300 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 5,700, Palmolein (Kandla) Rs 5,750 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.