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Select edible oils slide on muted demand, adequate stocks

Ample stocks position on increased arrivals mainly kept pressure on select edible oil prices

Press Trust of India  |  New Delhi 

Select edible oil prices drifted lower at the wholesale oil and oilseeds market owing to slackened demand from retailers against ample stocks position on increased supplies. However, non-edible oils moved in a narrow range in scattered deals and settled around the previous levels. Traders said besides easing demand from retailers, ample stocks position on increased arrivals from producing regions mainly kept pressure on select edible oil prices. Meanwhile, palm oil imports fell for the second consecutive month by 8.5% to 7,23,158 tonnes in December 2016, on expected ...

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First Published: Sat, January 14 2017. 12:57 IST
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