Select edible oils slide in mixed trade

The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils drifted lower owing to slackened demand from vanaspati millers, while a few others edged up on scattered enquiries from retailers.

In the non-edible oil section, linseed and castor oils finished higher on the back of increased offtake by consuming industries.

Marketmen said besides easing demand from vanaspati millers, adequate stocks position on increased supplies from producing regions mainly led to decline in select edible oil prices but scattered demand from retailers helped a few others to end higher.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils declined by Rs 50 each to Rs 6,800 and Rs 6,850 per quintal respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and ended lower by a similar margin to Rs 7,600 and Rs 7,200 per quintal respectively.

On the other hand, groundnut mill delivery (Gujarat) oil moved up by Rs 100 to Rs 8,700 per quintal.

Mustard expeller (Dadri) also edged up by Rs 50 to Rs 8,050 per quintal. Mustard pakki and kachi ghani oils traded higher by Rs 10 each to Rs 1,295-1,340 and Rs 1,345-1,445 per tin.

Cottoneed mill delivery (Haryana) oil hardened by Rs 50 to Rs 7,600 per quintal.

In the non-edible section, linseed oil found fresh buying support from paint industries and went up by Rs 200 to Rs 9,500 per quintal.

Castor oil also gained Rs 100 to Rs 7,700-7,800 per quintal on increased industrial offtake.