Edible oils down on sluggish demand

Select edible oils remained weak and traded up to Rs 50 per quintal lower in the wholesale oils and oilseeds market today on slack demand at existing higher levels. However, non-edible oils remained flat on lack of enquiries from the consuming industries.

Traders said fall in demand at existing higher against adequate supply mainly led to a fall in select wholesale edible oil prices. In the edible section, mustard expeller(Dadri) oil fell Rs 50 to Rs 4,750 per quintal on reduced offtake.

Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) oils declined by Rs 20 and Rs 10 to Rs 4,400 and Rs 4,300, while palmolein (rbd) and crude palm oil (ex-kandla) lost Rs 10 and Rs 20 to Rs 4,180 and Rs 3,700 per quintal.

In line with a weakening trend, cottonseed mill delivery (Haryana) oil declined by Rs 30 to Rs 4,020 per quintal.

Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850.
Vanaspati ghee (15 litres tin) 720-830.

Edible oils:
Groundnut mill delivery (Gujarat) 7,100, groundnut Solvent refined (per tin) 1,160-1,170, Mustard Expeller (Dadri) 4,750, Mustard Pakki ghani (per tin) 665-820, Mustard kachi ghani (per tin) 820-920, Sunflower 6,300, Sesame mill delivery 5,800

Soybean Refined mill delivery (Indore) 4,400 Soyabean degum (Delhi) 4,300, Crude Palm Oil (Ex-kandla) 3,700, Cottonseed mill delivery (Haryana) 4,020, Palmolein (RBD) 4,180, Rice bran (phy) 3,750 and Coconut (per tin) 960-990

Non-edible oils:
Linseed 4,000, Mahuwa 4,000, Castor 6,850-6,950, Neem 3,600-3,700, Rice bran 3,200-3,300 and palm fatty 3,225-3,300

Oilcakes:
groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175