Palmolein softens on sluggish demand

Palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels.
Traders said, subdued demand from retailers against adequate stocks position, mainly led to the decline in palmolein oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils traded lower by Rs 50 each to Rs 5,700 and Rs 5,750 per quintal, respectively.
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 10,300,Groundnut Solvent Refined (per tin) Rs 1,825-1,925, Mustard expeller (Dadri) Rs 8,450, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,200, Soybean Refined Mill Delivery (Indore) Rs 6,950, Soybean Degum (Kandla) Rs 6,650, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,650, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) Rs 5,750 and Coconut (per tin) Rs 1,950-2,000.
Non-edible oils: Linseed Rs 9,800, Castor Rs 9,800-9,900,Neem Rs 5,350-5,450.