Palmolein oil remains weak on tepid demand

NEW DELHI, Feb 20: Palmolein oil prices eased further by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
However, other edible and non-edible oils moved in a narrow range in scattered deals and pegged at last levels.
Traders said low demand from retailers against ample stocks position on higher supplies from growing regions mainly kept palmolein oil prices lower.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils drifted further lower Rs 50 each at Rs 6,100 and Rs 6,150 per quintal, respectively.
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 800-1,000.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,700,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,400, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,400, Soybean Refined Mill Delivery(Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana)Rs 6,750, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 1,850-1,900.
Non-edible oils: Linseed Rs 9,800, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450. (PTI)