Select edible oils stay soft on low demand, stock surplus

The wholesale oils and oilseeds market remained subdued for yet another week as select edible oil prices eased further owing to sluggish demand from vanaspati millers against ample stock position following increased supplies from producing belts.

Castor and linseed oils in the non-edible section also drifted lower on reduced offtake by consuming industries.

Traders said tepid demand from vanaspati millers against adequate stock position on persistent supplies from producing regions mainly kept select edible oils prices lower.

In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils fell by Rs 100 and Rs 50 to Rs 8,100 and Rs 6,500 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also declined by Rs 100 each to Rs 6,550 and Rs 6,250 per quintal, respectively.

On the other hand, groundnut (Gujarat) oil moved in a narrow range in limited deals, pegged at last level of Rs 10,400 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils after moving between gains and losses on scattered activity finished at previous week's levels of Rs 5,450 and Rs 5,500 per quintal, respectively.

In the non-edible section, castor and linseed oils ended the week lower by Rs 150 and Rs 200 to Rs 9,450-9,550 and Rs 9,600 per quintal, respectively. MORE

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)