NEW DELHI, Sept 15: The wholesale oils and oilseeds market remained bearish for the second straight week as edible oils prices continued to slide on subdued demand against adequate stocks position.
A few oils in the non-edible section eased on reduced offtake by industrial units and other consuming industries against fresh arrivals.
Marketmen said a fall in demand against adequate stocks position mainly kept pressure on edible oil prices throughout the week.
They said a few non-edible oils declined on reduced offtake by industrial units and other consuming industries such as pain and soap makers.
Meanwhile, vegetable oil imports rose by 19 per cent to 81.63 lakh tonnes in the first 10 months of the current year created adequate stocks position into the market.
In the edible section, mustard expeller(Dadri) and sesame oils remained weak and lost Rs 200 and Rs 50 at Rs 8350 and Rs 8650 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by Rs 150 each to Rs 7750 and Rs 7350 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils also moved down by Rs 200 each to Rs 7,850 and Rs 7,400 per quintal, respectively.
However, groundnut mill delivery oils after moving between gains and losses before settling around previous level of Rs 12,000 per quintal.
In the non-edible section, linseed oil declined by Rs 50 to Rs 5,750 per quintal on subdued demand from paint industries.
Castor oil lost Rs 50 at Rs 8,650-8,750 per quintal on reduced industrial offtake. (PTI)
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