Select edible oils extend losses on sluggish demand

Extending losses for the third day, select edible oil prices drifted by Rs 50 per quintal at wholesale oils and oilseeds market today due to slackened demand against adequate stocks on persistent supplies.
In the non-edible section, castor oil also eased on reduced offtake by consuming industries.
Traders said apart from subdued demand from retailers, huge stocks following increased arrivals from producing belts mainly kept pressure on select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils declined by Rs 50 each to Rs 7,750 and Rs 7,050 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils also traded lower by Rs 50 each to Rs 5,650 and Rs 5,450 per quintal, respectively.

Among non-edibles, castor oil shed Rs 50 at Rs 9,500-9,600 per quintal.

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) 960-1,130.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,750, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,050, Mustard Pakki Ghani (per tin) 1,200- 1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,000, Soyabean Refined Mill Delivery (Indore) 6,500, Soyabean Degum (Kandla) 6,200, Crude Palm Oil (Ex-Kandla) 4,400, Cottonseed Mill Delivery (Haryana) 5,800, Palmolein (RBD) 5,650, Palmolein (Kandla) 5,450 and Coconut (per tin) 2,550-2,575.
Non-edible oils: Linseed 8,150, Castor 9,500-9,600, Neem 5,350-5,450.