NEW DELHI, Sept 3: Weak conditions emerged at the oils and oilseeds market during the week with prices of edible oil drifted lower owing to slackened demand from vanaspati millers as well as retailers against increased arrivals from growing belts.
Linseed oil, in the non-edible section, also softened due to reduced offtake by consuming industries.
Traders said apart from a fall in demand from retailers and vanaspati millers, adequate stocks position on increased supplies from producing regions mainly kept pressure on edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell sharply by Rs 400 to Rs 13,900 per quintal. Groundnut solvent refined followed suit and eased by Rs 30 to Rs 1,950-2,000 per tin.
Mustard expeller (Dadri) oil declined by Rs 100 to Rs 8,750 per quintal. Mustard pakki and kachi ghani oils traded lower by Rs 15 each to 1,400-1,445 and Rs 1,450-1,550 per tin.
Palmolein (rbd) and Palmolein (Kandla) oils also eased by Rs 50 each to Rs 6,100 and Rs 6,150, while crude palm oil (ex-kandla) held steady at Rs 4,500 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too traded lower by Rs 50 each to Rs 6,800 and Rs 6,500 per quintal, respectively.
In the non-edible section, linseed oil declined by Rs 50 to Rs 9,650 per quintal on lack of demand from paint industries. (PTI)
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