Select edible oils slide on subdued demand

NEW DELHI: Select edible oil prices declined by Rs 100 per quintal at the wholesale oils and oilseeds market today following a sluggish demand against adequate stocks position.

In the non-edible section, castor oil also eased on reduced industrial offtake.

Traders said subdued demand against adequate stocks position mainly kept pressure on select edible oil prices.

Meanwhile, the country's vegetable oil imports rose by 21 per cent to 10.47 lakh tonnes in September from the year-ago period, industry body SEA said.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 7,500 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded lower by Rs 100 each to Rs 6,500 and Rs 6,200, while crude palm oil (ex-kandla) enquired lower by similar margin to Rs 4,700 per quintal, respectively.

Palmolein (rbd) and palmolein (kandla) oils too ended lower by Rs 100 each to Rs 5,700 and Rs 5,500 per quintal, respectively.

Among non-edible, castor oil declined by Rs 100 to Rs 9,600-9,700 per quintal.