Edible oils fall on subdued demand, higher supply

Weak conditions prevailed at the wholesale oils and oilseeds market in the national capital today with select edible oils, led by groundnut mill delivery and mustard expeller, declining by Rs 100 per quintal owing to fall in demand from mills as well as retailers.
Besides, adequate stocks following higher supplies in the market weighed on the prices.
On the other hand, non-edible oils continued to trade in a limited range on scattered enquiries from consuming industries.
Marketmen said fall in demand against increased supplies mainly led to decline in edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils were down by Rs 100 each at Rs 8,600 and Rs 7,000 per quintal, respectively.

Mustard pakki and kachi ghani oils also shed Rs 10 each at Rs 1,190-1,240 and Rs 1,240-1,340, respectively.

Soyabean refined mill delivery (Indore) and soyabean Degum (Kandla) also fell by Rs 100 each at Rs 6,500 and Rs 6,200 per quintal, respectively.
Palmolein (RBD) also shed Rs 50 to close at Rs 5,450 per quintal.
However, crude palm oil (ex-kandla) rose by Rs 100 to Rs 4,200 per quintal.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 930-1,070.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,600, Groundnut Solvent Refined (per tin) Rs 1,500-1,550, Mustard expeller (Dadri) Rs 7,000, Mustard Pakki Ghani (per tin) Rs 1,190-1,240, Mustard Kachi Ghani (per tin) Rs 1,240-1,340, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,500, Soyabean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,450, Palmolein (RBD) Rs 5,450, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,350-2,400.

Non-edible oils: Linseed Rs 8,300, Castor Rs 9,600-9,700, Neem Rs 5,350-5,450.