Select edible oils remain weak on low demand, global trend

The slide in select edible oil prices continued unabated and prices fell further by Rs 100 per quintal at wholesale oils and oilseeds market today owing to slackened demand amid weak trend overseas.
However, non-edible oils moved in a tight range in limited deals and settled around previous levels.
Traders said besides low demand from retailers against sufficient supplies from producing regions, reports of a weak trend overseas mainly kept pressure on select edible oil prices here.
In the national capital, Palmolein (rbd) and palmolein (Kandla) oils fell by Rs 100 each to Rs 5,700 and Rs 5,500, while crude palm oil (ex-kandla) traded lower by a similar margin to Rs 4,400 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also moved down by Rs 100 each to Rs 6,500 and Rs 6,200 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) 960-1,130.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,800, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,100, 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) 5,700, Palmolein (Kandla) 5,500 and Coconut (per tin) 2,550-2,575.

Non-edible oils: Linseed 8,150, Castor 9,550-9,650, Neem 5,350-5,450.