Palmolein oil declines on easing demand

NEW DELHI: Palmolein oil declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to slackened demand from retailers.

However, other edible and non-edible oils continued to move in a limited range in the absence of any worthwhile activity and closed at previous levels.

Traders said sluggish demand from retailers against adequate stocks mainly led to fall in palmolein oil prices.

In the national capital, palmolein (rbd) and Palmolein (Kandla) oils enquired lower by Rs 50 each to Rs 5,550 and Rs 5,450 per quintal, respectively.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,950, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,600, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,050, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 5,800, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,225-2,250.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.