Palmolein oils weaken on sluggish demand

Palmolein oil prices declined by up to Rs 50 per quintal at the the wholesale oils and oilseeds market today owing to slackened demand from retailers against adequate stocks.
However, other edible and non-edible oils settled around previous levels after trading in a narrow range.
Marketmen said easing demand from retailers against sufficient stocks mainly led to decline in palmolein oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils drifted by Rs 50 and Rs 30 to Rs 5,650 and Rs 5,600 per quintal respectively.
Following are today's quotations (in Rs per quintal): Oilseeds: Mustardseed Rs 2,950-3,050 and groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,050, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,100, Mustard Pakki Ghani (per tin) Rs 1,395-1,445, Mustard Kachi Ghani (per tin) Rs 1,435-1,535, Sesame Mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,700, Soyabean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 6,000, Palmolein (RBD) Rs 5,650, Palmolein (Kandla) Rs 5,600 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 8,700, Castor Rs 9,900-10,000, Neem Rs 5,350-5,450.