Soyabean oil weakens on muted demand

Soyabean oil prices fell by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to muted demand.
Castor oil in the non-edible section, also declined owing to easing demand from consuming industries.
Traders said subdued demand from retailers mainly led to fall in soyabean oil prices.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils traded lower by Rs 50 each to Rs 6,650 and Rs 6,350 per quintal respectively.
Among non-edible, castor oil traded lower by Rs 50 to Rs 9,550-9,650 per quintal amid reduced offtake by consuming industries against sufficient stocks.

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 9,100, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,850, Mustard Pakki Ghani (per tin) Rs 1,500-1,550, Mustard Kachi Ghani (per tin) Rs 1,550-1,650, Sesame Mill delivery Rs 7,600, Soyabean Refined Mill Delivery (Indore) Rs 6,650, Soyabean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cotton seed Mill Delivery (Haryana) Rs 5,850, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,300 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.