Edible oil prices fell by up to Rs 30 per quintal in the oils and oilseeds market today following fall in demand at prevailing levels coupled with lower trend in Malaysia.
However, non-edible oils remained stable in limited dealings.
Trading sentiments turned weak after palm oil dropped in global markets on speculations that output from Malaysia, the second-largest producer, may have expanded 20 percent in May, and on expectations that global oilseed output will grow.
Meanwhile, palm oil for August-delivery declined by 0.3% to $1,125 a metric tonne on the Malaysia Derivatives Exchange.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by Rs 20 each to Rs 6,330 and Rs 5,930, respectively.
Crude palm oil (ex-kandla) traded lower by the same margin to Rs 5,380 per quintal.
Palmolein (rbd) oil lost Rs 30 and palmolein (kandla) oil declined by Rs 20 to Rs 5,920 and Rs 5,630 per quintal, respectively.
