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Select edible oils down in mixed trade

Press Trust of India  |  New Delhi 

The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils drifted lower owing to slackened demand from millers, while a few others edged up on scattered enquiries from retailers. Castor in the non-edible section, slipped on reduced offtake by consuming industries. Marketmen said besides easing demand from millers, adequate stocks position on increased supplies from producing regions mainly led to decline in select edible prices but mild demand from retailers helped others to end higher. Meanwhile, palm remained flat at 7,22,857 tonne in December because of increase in the import duty, industry body (SEA) said. India, the world's leading vegetable buyer, had imported 7,23,158 tonne palm in December 2016. In the national capital, groundnut mill delivery(Gujarat) fell by Rs 200 to Rs 9,500 per quintal. Mustard expeller (Dadri) also declined by Rs 100 to Rs 7,950 per quintal. Palmolein (RBD) and palmolein (Kandla) oils too 50 each to Rs 6,250 and Rs 6,300 per quintal respectively. On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils edged up by Rs 50 each to Rs 7,500 and Rs 7,100 per quintal respectively. Coconut quoted higher at Rs 3,000-3050 instead of Rs 2,950-3,000 per tin. In the non-edible section, castor dropped by Rs 200 to Rs 8,200-8,300, while linseed held steady at Rs 8,900 per quintal respectively.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 12:00 IST
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