Select edible oils fall on subdued demand, adequate supply

Select edible oils witnessed a weak trend at the wholesale oils and oilseeds market as prices fell up to Rs 100 a quintal during the week on slackened demand from retailers at prevailing levels against adequate stocks position on increased supplies.
In the non-edible section, castor oil eased on reduced offtake by consuming industries.
Traders said besides weak demand from retailers at existing levels, adequate stocks position in the market mainly kept pressure on select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 50 to Rs 7,750 per quintal, while groundnut solvent refined held steady at Rs 1,350-1,400 per tin on scattered support.

Mustard expeller (Dadri) oil also weakened by Rs 50 to Rs 7,150 per quintal. Sesame mill delivery and cottonseed mill delivery (Haryana) oils too lacked buying support and ended lower by Rs 100 each to Rs 8,100 and Rs 5,900 per quintal, respectively.
On the other hand, Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved both ways in restricted activity and settled at previous levels of Rs 6,700 and Rs 6,400 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and finished flat at Rs 5,900 and Rs 5,700 per quintal, respectively.
In the non-edible section, castor oil declined by Rs 50 to Rs 9,600-9,700 per quintal on reduced offtake by consuming industries.