Palmolein, soyabean oils decline on subdued demand

Prices of palmolein and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today on sluggish demand.
In the non-edible section, castor oil also eased on sluggish demand from consuming industries.
Traders said sluggish demand against adequate stocks position mainly led to the fall in palmolein and soyabean oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils declined by Rs 50 each to Rs 6,150 and Rs 5,950 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and traded lower by the same margin to Rs 6,700 and Rs 6,400 per quintal, respectively.

In the non-edible section, castor oil declined by Rs 50 to Rs 9,650-9,750 per quintal.

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) 1,140-1,250.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,600, Groundnut Solvent Refined (per tin) 1,300-1,375, Mustard expeller (Dadri) 7,050, Mustard Pakki Ghani (per tin) 1,225-1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,500, Soyabean Refined Mill Delivery (Indore) 6,700, Soyabean Degum (Kandla) 6,400, Crude Palm Oil (Ex-Kandla) 5,200, Cottonseed Mill Delivery (Haryana) 6,250, Palmolein (RBD) Rs 6,150, Palmolein (Kandla) 5,950 and Coconut (per tin) 2,650-2,700.

Non-edible oils: Linseed 7,850, Castor 9,650-9,750, Neem 5,350-5,450.