Select edible oils fall on subdued demand

Select edible oil prices drifted upto Rs 150 per quintal at the wholesale oils and oilseeds market today due to sluggish demand at prevailing levels against adequate stocks position.
However, non-edible oils moved in a tight range in limited deals and settled at previous levels.
Traders said adequate stocks position against weak demand at current levels mainly led to the decline in select edible oil prices.
In the national capital, groundnut mill delivery(Gujarat) oil fell by Rs 150 to Rs 7,500 per quintal.
Cottonseed mill delivery (Haryana) also declined by Rs 100 to Rs 6,000 per quintal.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and traded lower by Rs 100 each to Rs 6,400 and Rs 6,100, while crude palm oil (ex-kandla) enquired lower by similar margin to Rs 4,600 per quintal respectively.

Palmolein (rbd) and palmolein (Kandla) oils too eased by Rs 100 each to Rs 5,600 and Rs 5,400 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 960-1,130.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,500, Groundnut Solvent Refined (per tin) 1,300-1,350, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,200- 1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,350, Soyabean Refined Mill Delivery (Indore) 6,400, Soyabean Degum (Kandla) 6,100, Crude Palm Oil (Ex-Kandla) 4,600, Cottonseed Mill Delivery (Haryana) 6,000, Palmolein (RBD) 5,600, Palmolein (Kandla) 5,400 and Coconut (per tin) 2,675-2,750.

Non-edible oils: Linseed 8,100, Castor 9,600-9,700, Neem 5,350-5,450.