Select edible oils extend losses on low demand

The slide in select edible oils continued for the third straight day with prices falling up to Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand.
However, non-edible oils moved in a tight range in scattered deals and settled around previous levels.
Traders said besides subdued demand, adequate stocks position in the market mainly kept pressure on select edible oil prices.
In the national capital, groundnut mill delivery(Gujarat) oil fell by Rs 50 to Rs 8,300 per quintal.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils eased by Rs 100 each to Rs 6,900 and Rs 6600 per quintal respectively.

Palmolein (rbd) and palmolein (Kandla) oils also shed Rs 50 each to Rs 5,950 and Rs 5,800 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 930-1,100.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,300, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,850, Mustard Pakki Ghani (per tin) 1,250- 1,300, Mustard Kachi Ghani (per tin) 1,300-1,400, sesame mill delivery 7,500, Soyabean Refined Mill Delivery (Indore) 6,900, Soyabean Degum (Kandla) 6,600, Crude Palm Oil (Ex-Kandla) 4,300, Cottonseed Mill Delivery (Haryana) 5,850, Palmolein (RBD) 5,950, Palmolein (Kandla) 5,800 and Coconut (per tin) 2,350-2,400.

Non-edible oils: Linseed 8,400, Castor 9,700-9,800, Neem 5,350-5,450.