Select edible oils end weak on sluggish demand

Select edible oil prices declined at the wholesale oils and oilseeds market during the week on subdued demand at prevailing higher levels against adequate stocks on higher supplies.
Linseed oil, however, in the non-edible section, found fresh buying support from paint industries and ended higher.
Market remained closed on Monday on account of 'Id-ul-Zuha' (Bakrid).
Traders said easing demand at existing higher levels from vanaspati millers and retailers against adequate stocks position mainly led to the decline in select edible oil prices.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils fell by Rs 80 and Rs 150 to Rs 7,200 and Rs 6,100 per quintal respectively.

Palmolein (rbd) and palmolein (Kandla) oils also weakened by Rs 50 each to Rs 5,900 and Rs 5,700 per quintal, respectively.

On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils after moving both ways on alternate bouts of buying and selling, settled at last levels of Rs 6,650 and Rs 6,350 per quintal, respectively.
Crude palm oil (ex-kandla) and seasame mill delivery oils too traded in a tight range on some support and finished around previous level of Rs 4,800 and Rs 8,300 per quintal respectively.
Coconut oil which remained steady for the major part of week in limited deals, met with resistance at the fag-end and eased to Rs 2,675-2,750 against previous level of Rs 2,700-2,775 per tin.

In the non-edible section, linseed oil on the back of increased demand from paint industries and closed higher by Rs 50 to Rs 8,050 per quintal, castor oil moved narrowly on alternate bouts of buying and selling and settled at previous level of Rs 9,700-9,800 per quintal.