Edible oils remain weak on sluggish demand, adequate stocks

In a holiday-shortened week, select edible oil prices drifted further lower at the wholesale oil and oilseeds market owing to slackened demand from retailers against ample stocks position on higher supplies.
However, non-edible oils moved in a narrow range in scattered deals and settled around previous levels.
Markets remained closed on Monday and Tuesday on account of 'Vishwakarma Puja' and 'Bhai Dooj' respectively.
Traders said besides easing demand from retailers, adequate stocks position on increased arrivals from producing regions mainly kept pressure on select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil plunged by Rs 800 to Rs 10,800 per quintal.

Groundnut solvent refined followed suit and eased to Rs 1,700-1,800 against last close of Rs 1,900-1,950 per tin.

Mustard expeller (Dadri) oil also declined by Rs 50 to Rs 8,650 per quintal.
Palmolein (rbd) and palmolein (Kandla) oils too ended lower by Rs 50 each to Rs 5,800 and Rs 5,850 per quintal respectively.
In the non-edible section, linseed and castor oil moved in a narrow range in limited deals and finished at previous week's levels of Rs 9,900 and Rs 9,750-9850 per quintal.