Select edible oils remain weak on stockists selling

Select edible oil fell for the fourth straight day and prices shed up to Rs 100 per quintal on the wholesale oils and oilseeds market today on stockists selling in line with a weakening global trend.
However, non-edible oils held steady in restricted deals.
Marketmen said stockists selling in line with a weakening global trend mainly kept pressure on select edible oil prices.
Meanwhile, palm oil for March delivery lost 1.2 per cent to USD 768 a metric tonne, the lowest since November 12 on the Malaysia Derivatives Exchange.
In the national capital, soyabean refined milll delivery (Indore) and soyabean degum (Kandla) oils remained weak and shed another Rs 50 each to Rs 7,100 and Rs 6,800, while crude palm oil (ex-kandla) lost Rs 100 at Rs 5,300 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils also declined by Rs 50 each at Rs 6,250 and Rs 5,850 per quintal, respectively.

The following were today's quotations per quintal:
Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,160-1,290.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,000, Groundnut Solvent Refined (per tin) 1,950-2,000, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,400, Soybean Refined Mill Delivery (Indore) 7,100, Soyabean Degum (Kandla) 6,800, Crude Palm Oil (Ex-Kandla) 5,300, Cottonseed Mill Delivery (Haryana) 6,300, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) 5,850, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.

Non-edible oils: Linseed 7,200, Mahuwa 4,000, Castor 9,400-9,500, Neem 5,250-5,350, Rice Bran 3,170-3,270 and Palm Fatty 3,225-3,300.
Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.