Edible oils slide on sluggish demand, adequate stocks

Edible oil prices drifted at the wholesale oil and oilseeds market during week owing to slackened demand from vanaspati millers and retailers against adequate stocks position.
Linseed oil in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said besides easing demand from vanaspati units and retailers, adequate stocks in the market on higher supplies from producing regions kept pressure on edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils fell by Rs 150 and Rs 175 to Rs 9,250 and Rs 8,100 per quintal respectively.
Cottonseed mill delivery (Haryana) and sesame mill delivery oils shed Rs 50 each at Rs 5,600 and Rs 6,600 per quintal respectively.

Palmolein (RBD) and palmolein (Kandla) oils also declined by Rs 50 each to Rs 5,450 and Rs 5,400, per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and eased by a similar margin to Rs 6,500 and Rs 6,200 per quintal respectively.
In the non-edible section, linseed oil slipped by Rs 50 to Rs 9,100 per quintal due to reduced demand from paint industries.