Select edible oils slide on easing demand

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Select edible oil prices fell up to Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers against sufficient stocks.
However, mustard oil moved up on restricted supplies from producing regions.
Elsewhere, non-edible oils traded in a narrow range on lack of worthwhile support from consuming industries and settled at last levels.
Traders said easing demand from retailers against adequate stocks position mainly kept pressure on select edible oil prices.
Meanwhile, India's vegetable oil imports touched a record of 14.61 million tonnes in 2014-15 oil year ended October, on sharp jump in shipments of palm oils buoyed by lower prices, industry body SEA said.

The world's leading vegetable oil buyer had imported 11.82 million tonnes of vegetable oils during the previous year.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils drifted Rs 50 each to Rs 5,500 and Rs 5,450 per quintal, respectively. Soyabean mill delivery (Indore) and soyabean degum (Kandla) oils also eased by a similar margin to Rs 6,650 and Rs 6,350 per quintal, respectively.
Sesame oil too traded lower by Rs 100 to Rs 7,800 per quintal, while coconut oil eased to Rs 2,050-2,100 as against last close of Rs 2,150-2,200 per tin.
On the other hand, mustard expeller (Dadri) oil moved up by Rs 100 to Rs 8,600 per quintal.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut Seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,050, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,600, Mustard Pakki Ghani (per tin) Rs 1,500-1,550, Mustard Kachi Ghani (per tin) Rs 1,550-1,650, Sesame Mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,650, Soyabean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,500, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 9,000, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.