Palmolein, soyabean fall on sluggish demand

Prices of palmolein and soyabean oils drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from vanaspati millers and retailers.
Linseed oil, in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said besides slackened demand from vanaspati millers and retailers, adequate stocks mainly kept pressure on palmolein and soyabean oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils eased by Rs 50 each to Rs 5,600 and Rs 5,500 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and ended lower by a similar margin to Rs 6,600 and Rs 6,300 per quintal, respectively.

Linseed oil declined by Rs 50 to Rs 8,450 per quintal on lack of demand from paint 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 930-1,070.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,800, Groundnut Solvent Refined (per tin) Rs 1,600-1,650, Mustard expeller (Dadri) Rs 7,400, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) Rs 5,500 and Coconut (per tin) Rs 2,250-2,275.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.