Palmolein, soyabean oils slide on reduced offtake

Prices of palmolein and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by retailers and stockists.
However, other edible and non-edible oils moved in a narrow range in scattered deals and settled around previous levels.
Traders said fall in demand from retailers and stockists mainly led to the dip in palmolein and soyabean oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down Rs 50 each to Rs 5,550 and Rs 5,450 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also eased by a similar margin to Rs 6,550 and Rs 6,250 per quintal, respectively.

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 8,800, Groundnut Solvent Refined (per tin) Rs 1,600-1,650, Mustard expeller (Dadri) Rs 7,450, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 7,950, Soyabean Refined Mill Delivery (Indore) Rs 6,550, Soyabean Degum (Kandla) Rs 6,250, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 5,650, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,225-2,250.
Non-edible oils: Linseed Rs 8,450, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.