Select edible oils down in mixed trade

The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils drifted lower owing to slackened demand from vanaspati millers, while a few others edged up on scattered enquiries from retailers.
Castor oil in the non-edible oil section, slipped on reduced offtake by consuming industries.
Marketmen said besides easing demand from vanaspati millers, adequate stocks position on increased supplies from producing regions mainly led to decline in select edible oil prices but mild demand from retailers helped others to end higher.
Meanwhile, palm oil imports remained flat at 7,22,857 tonne in December because of increase in the import duty, industry body Solvent Extractors Association (SEA) said.

India, the world's leading vegetable oil buyer, had imported 7,23,158 tonne palm oil in December 2016.
In the national capital, groundnut mill delivery(Gujarat) oil fell by Rs 200 to Rs 9,500 per quintal.

Mustard expeller (Dadri) oil also declined by Rs 100 to Rs 7,950 per quintal.
Palmolein (RBD) and palmolein (Kandla) oils too shed Rs 50 each to Rs 6,250 and Rs 6,300 per quintal respectively.
On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils edged up by Rs 50 each to Rs 7,500 and Rs 7,100 per quintal respectively.
Coconut oil quoted higher at Rs 3,000-3050 instead of Rs 2,950-3,000 per tin.

In the non-edible section, castor oil dropped by Rs 200 to Rs 8,200-8,300, while linseed oil held steady at Rs 8,900 per quintal respectively.