Soyabean, crude palm oils slide on subdued demand

Prices of soyabean and crude palm oil declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
However, other edible and non-edible oils moved in a narrow range in scattered deals and settled around the previous levels.
Traders attributed the weakness in soyabean and crude palm oil prices to muted demand from retailers.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were down by Rs 50 each to Rs 6,550 and Rs 6250, while crude palm oil (ex-kandla) traded lower by a similar margin to Rs 4,100 per quintal , respectively.

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 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,050, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,800, Mustard Pakki Ghani (per tin) Rs 1,450-1,500, Mustard Kachi Ghani (per tin) Rs 1,500-1,600, Sesame Mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,550, Soyabean Degum (Kandla) Rs 6,250, Crude Palm Oil (Ex-Kandla) Rs 4,100, Cotton seed Mill Delivery (Haryana) Rs 5,800, Palmolein (RBD) Rs 5,250, Palmolein (Kandla) Rs 5,200 and Coconut (per tin) Rs 1,900-1,950.

Non-edible oils: Linseed Rs 9,100, Castor Rs 9,550-9,650, Neem Rs 5,350-5,450.