Edible oils end mixed on low demand1:More To Come
New Delhi: The wholesale oils and oilseeds market displayed a mixed trend during the week as select edible oils further went lower owing to slackened demand against adequate stocks position, while a few others edged up on scattered buying from retailers.
Castor oil in the non-edible section, weakened on reduced offtake by consuming industries.
Marketmen said muted demand from vanaspati millers against ample stock position on increased supplies from producing regions mainly kept pressure on select edible oil prices but some enquiries from retailers helped some other edible oils end in the positive zone.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils dropped by Rs 200 each to Rs 7,600 and Rs 7,200 per quintal, respectively.
Palmolein (RBD) and palmolein (Kandla) oils also shed Rs 50 each to Rs 7,250 and Rs 7,300 per quintal, respectively.
Groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils too declined by Rs 100 and Rs 50 to Rs 8,300 and Rs 7,650 per quintal, respectively.
On the other hand, sesame mill delivery and cottonseed mill delivery (Haryana) oils went up by Rs 100 each to Rs 9,300 and Rs 7,200 per quintal, respectively.
Among non-edible oils, castor oil fell by Rs 200 to Rs 7,200-7,300 per quintal.
However, linseed oil moved in a narrow range in limited deals and pegged at the last level of Rs 8,900 per quintal. .