Palmolein, soyabean oils weaken on low demand

Prices of palmolein and soyabean oils declined by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers against adequate stocks position.
Castor oil in the non-edible section also eased on reduced offtake by consuming industries.
Traders said besides easing demand from retailers, ample stocks position on increased supplies from producing belts mainly led to the fall in palmolein and soyabean oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils weakened by Rs 50 each to Rs 5,800 and Rs 5,850 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also traded lower by a similar margin to Rs 6,700 and Rs 6,400 per quintal respectively.

Among non-edible, castor oil too shed Rs 50 at Rs 9,450-9,550 per quintal.

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 11,700, Groundnut Solvent Refined (per tin) Rs 1,900-1,950, Mustard expeller (Dadri) Rs 8,100, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,600, Soybean Refined Mill Delivery (Indore) Rs 6,700, Soybean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,350, Cottonseed Mill Delivery (Haryana) Rs 6,100, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,850 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,450-9,550, Neem Rs 5,350-5,450.