Select edible oils remain weak on sluggish demand

Select edible oil prices fell up to Rs 100 per quintal at the wholesale oils and oilseeds market today following sluggish demand against adequate supplies from producing regions.
In addition, strengthening rupee against the dollar that made imports cheaper, weighed on prices.
However, non-edible oils remained steady in restricted buying from consuming industries.
Traders said sluggish demand against ample supplies from producing regions mainly kept pressure on select edible oil prices.
"Besides sluggish demand, appreciating rupee that made importers cheaper also put pressure on edible oil prices", said an edible oil trader.
In the national capital, groundnut mill delivery (Gujarat) and sesame mill delivery oils fell further by Rs 100 each to Rs 7,300 and Rs 8,200 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) 1,140-1,250.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,300, Groundnut Solvent Refined (per tin) 1,300-1,375, Mustard expeller (Dadri) 7,000, Mustard Pakki Ghani (per tin) 1,225-1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,200, Soyabean Refined Mill Delivery (Indore) 6,500, Soyabean Degum (Kandla) 6,200, Crude Palm Oil (Ex-Kandla) 5,000, Cottonseed Mill Delivery (Haryana) 6,050, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) 5,800 and Coconut (per tin) 2,650-2,700.
Non-edible oils: Linseed 7,800, Castor 9,650-9,750, Neem 5,350-5,450.