Soyabean oil weakens on sluggish demand

NEW DELHI, Apr 14: Soyabean oil prices moved down by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market today on subdued demand.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels.
Traders said, easing demand from retailers against sufficient stocks position, mainly weighed on soyabean oil prices.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were trading down by Rs 100 each to Rs 7,700 and Rs 7,300 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 7,850, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,900, Soybean Refined Mill Delivery (Indore) Rs 7,700, Soybean Degum (Kandla) Rs 7,300, Crude Palm Oil (Ex-Kandla) Rs 5,400, Cottonseed Mill Delivery (Haryana) Rs 7,000, Palmolein (RBD) Rs 7,050, Palmolein (Kandla) Rs 7,100 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 9,100, Castor Rs 7,400-7,500, Neem Rs 5,350-5,450. (PTI)

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