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Select edible oils weak on subdued demand

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Press Trust of India New Delhi
Prices of select edible drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today due to easing demand at prevailing levels against adequate stocks position.

However, non-edible oils remained steady for want of support from consuming industries.

Traders said subdued demand against adequate stocks position and a reports of a weak global trend mainly mainly influenced select edible oil prices.

In the national capital, groundnut mill delivery (Gujarat)and mustard expeller (Dadri) oils declined by Rs 50 each to Rs 7,850 and Rs 7,250 per quintal respectively. cottonseed mill delivery (Haryana) eased by the same margin to Rs 5,850 per quintal.
 

Palmolein (rbd) and palmolein (Kandla) oils too traded in negative zone with a loss of Rs 50 each at Rs 5,650 and Rs 5,450 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) 7,850, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,250, Mustard Pakki Ghani (per tin) 1,220- 1,270, Mustard Kachi Ghani (per tin) 1,270-1,370, sesame mill delivery 8,000, Soyabean Refined Mill Delivery (Indore) 6,500, Soyabean Degum (Kandla) 6,200, Crude Palm Oil (Ex-Kandla) 4,350, Cottonseed Mill Delivery (Haryana) 5,850, Palmolein (RBD) 5,650, Palmolein (Kandla) 5,450 and Coconut (per tin) 2,550-2,575.

Non-edible oils: Linseed 8,150, Castor 9,600-9,700, Neem 5,350-5,450.

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First Published: Dec 12 2014 | 3:00 PM IST

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