Palmolein oil weakens on low demand

NEW DELHI, May 26: In restricted activity, palmolein oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today on easing demand.
However, other edible and non-edible oils moved in a  narrow range in limited deals and pegged at last levels.
Traders said besides fall in demand from retailers, adequate stocks position led to the decline in palmolein oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils shed Rs 50 each to Rs 7,300 and Rs 7,350 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 8,400, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller  (Dadri) Rs 7,700, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,200, Soybean Refined Mill Delivery (Indore) Rs 7,800, Soybean Degum (Kandla) Rs 7,400, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill Delivery (Haryana) Rs 7,100, Palmolein (RBD) Rs 7,300,  Palmolein (Kandla) Rs 7,350 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 8,900, Castor Rs 7,400-7,500, Neem Rs 5,350-5,450. (PTI)
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