Palmolein oils decline on subdued demand

Wholesale prices of palmolein declined by Rs 50 at local market here on the first trading day of the New Year today owing to weak demand from vanaspati millers.
However, castor and linseed oils in the non-edible section ended higher on fresh buying support from consuming industries.
Traders said besides easing demand at existing levels, a weak global trend mainly led to decline in palmolein oil prices.
Palmolein (rbd) and palmolein (Kandla) oils eased by Rs 50 each to Rs 5,900 and Rs 5,700 per quintal, respectively.
On the other hand, in the non-edible segment, castor and linseed oils moved up by Rs 50 each to Rs 9,700-9,800 and Rs 8,300 per quintal respectively.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 900-1,080.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,250, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,900, Mustard Pakki Ghani (per tin) 1,250- 1,300, Mustard Kachi Ghani (per tin) 1,300-1,400, sesame mill delivery 7,800, Soyabean Refined Mill Delivery (Indore) 6,800, Soyabean Degum (Kandla) 6,500, Crude Palm Oil (Ex-Kandla) 4,200, Cottonseed Mill Delivery (Haryana) 5,750, Palmolein (RBD) 5,900, Palmolein (Kandla) 5,700 and Coconut (per tin) 2,550-2,600.
Non-edible oils: Linseed 8,300, Castor 9,700-9,800, Neem 5,350-5,450.