Palmolein, soyabean oils down on sluggish demand

Palmolein and soyabean oils drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers amid a weak global trend.
However, other edible and non-edible oils settled around previous levels after moving in a narrow range in limited deals.
Traders said subdued demand from retailers and a weak global trend mainly kept pressure on palmolein and soyabean oil prices.
Meanwhile, palm oil futures traded at 2,036 ringgit (USD 519) a metric tonne on Bursa Malaysia Derivatives.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 5,400 and Rs 5,300 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils dropped by a similar margin to Rs 6,450 and Rs 6,150 per quintal.

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 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,850, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,500, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,450, Soyabean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,750, Palmolein (RBD) Rs 5,400, Palmolein (Kandla) Rs 5,300 and Coconut (per tin) Rs 2,200-2,225.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.