Soyabean oil slides on sluggish demand

In restricted activity,soyabean oil prices drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
Linseed and castor oil in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said subdued demand from retailers against sufficient stocks position mainly led to the fall in soyabean oil prices.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined by Rs 50 each to Rs 6,800 and Rs 6,500 per quintal.
In the non-edible section, linseed oil declined by Rs 50 to Rs 9,650 per quintal on easing demand from paint industries.

Castor oil also traded higher by a similar margin to Rs 9,550-9,650 per quintal on reduced industrial offtake.

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 10,800, Groundnut Solvent Refined (per tin) Rs 1,900-1,950, Mustard expeller (Dadri) Rs 8,200, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,600, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cotton seed Mill Delivery (Haryana) Rs 6,000, Palmolein (RBD) Rs 5,900, Palmolein (Kandla) Rs 5,950 and Coconut (per tin) Rs 1,600-1,650.

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