Edible oils slide on sluggish demand

Edible oil prices fell up to Rs 100 per quintal at the wholesale oils and oilseeds market today due to slackened demand.
However, non-edible oils moved in a narrow range in scattered deals and settled around previous levels.
Traders said sluggish demand against adequate stocks position mainly led to the fall in select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils declined by Rs 100 and Rs 50 to Rs 7,600 and Rs 7,050 per quintal, respectively.
Cottonseed mill delivery (Haryana) oil lost Rs 100 at Rs 6,250 per quintal.
In line with overall trends, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils traded lower by Rs 100 each to Rs 6,750 and Rs 6,450 per quintal, respectively. Crude palm oil (ex-kandla) shed Rs 50 at Rs 5,200 per quintal.

Palmolein (rbd) and palmolein (Kandla) oils enquired lower by Rs 50 each to Rs 6,200 and Rs 6,000 per quintal, respectively.