Edible oils end lower on sluggish demand, adequate supply

Edible oils ended lower on the wholesale oils and oilseeds market during the past week on sluggish demand at prevailing higher levels against adequate supplies from producing regions.
However, a few oils in the non-edible section showed some strength on increased industrial offtake.
Traders said besides sluggish demand at prevailing higher levels, adequate supplies from producing regions mainly helped edible oil prices to close lower.
They said increased industrial offtake helped a few non-edible oils to trade higher.
In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils declined by Rs 50 each to Rs 8,100 and Rs 6,400 quintal respectively.

Mustard expeller (Dadri) and sesame mill delivery oils lost Rs 100 each at Rs 7,400 and Rs 11,500 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also declined by Rs 100 each to Rs 7,400 and Rs 7,100 and crude palm oil (ex-kandla) traded lower by similar margin to Rs 5,400 per quintal respectively.
Palmolein (rbd) and palmolein (kandla) too shed Rs 50 each at Rs 6,550 and Rs 6,150 per quintal respectively.
On the other hand, in the non-edible section, linseed oil found fresh buying support from paint units and ended higher by Rs 50 to Rs 7,200 per quintal.

Castor oil traded higher by the same margin to Rs 9,450- 9,550 per quintal on increased industrial offtake.