Groundnut, palmolein oils slide on sluggish demand

Prices of groundnut and palmolein oils drifted lower by up to Rs 200 per quintal at the wholesale oils and oilseeds market today on subdued demand from retailers.
Castor oil in the non-edible section, also traded lower on reduced offtake by consuming industries.
Traders said tepid demand from retailers and bulk consumers following end of festive season against sufficient stocks position mainly pulled down the groundnut and palmolein oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 200 to Rs 10,600 per quintal.
Palmolein (rbd) and palmolein (Kandla) oils also eased by Rs 50 each to Rs 5,750 and Rs 5,800 per quintal.

In the non-edible section, castor oil declined by Rs 50 to Rs 9,700-9,800 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 800-1,000.
Edible oils: Groundnut Mill Delivery (Gujarat)
Rs 10,600,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,650, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery(Indore) Rs 6,650, Soybean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana)Rs 6,650, Palmolein (RBD) Rs 5,750, Palmolein (Kandla) Rs 5,800 and Coconut (per tin) Rs 1,750-1,800.

Non-edible oils: Linseed Rs 9,900, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.