Edible oils decline on easing demand, adequate supply

In holiday-shortened week, edible oil prices drifted at the wholesale oils and oilseeds market following fall in seasonal demand from vanaspati millers and retailers against adequate stocks positions.
However, linseed oil in the non-edible section found some buying support from paint industries and ended higher.
Markets remained closed on Thursday, Friday and Saturday on account of "Diwali", "Vishwakarma Pooja" and "Bhai Dooj" respectively.
Traders said besides easing demand from vanaspati millers and retailers, adequate stocks position mainly led to the decline in edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 7,500 per quintal.

Mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils also fell by Rs 50 and Rs 150 to Rs 7,200 and Rs 6,000 per quintal respectively.

In line with a general weak trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils dropped by Rs 100 each to Rs 6,400 and Rs 6,100, while crude palm oil (ex-kandla) ended lower by similar margin to Rs 4,600 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and eased by Rs 100 each to Rs 5,600 and Rs 5,400 per quintal, respectively.
In the non-edible section, linseed oil moved up by Rs 50 to Rs 8,100 per quintal on increased demand from paint units.