Palmolein oil eases on low demand

Palmolein oil prices drifted by Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
Castor oil in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said easing demand from retailers against adequate stocks position mainly weighed on palmolein prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils fell by Rs 100 each to Rs 5,300 and Rs 5,200 per quintal respectively.
Among non-edible oils, castor declined by Rs 50 to Rs 9,750-9,850 per quintal due to fall in demand from consuming industries.
Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,800, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,550, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,450, Soyabean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,300, Palmolein (Kandla) Rs 5,200 and Coconut (per tin) Rs 2,100-2,125.
Non-edible oils: Linseed Rs 8,450, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.