Palmolein oil slides on low demand

NEW DELHI, Apr 29:  In restricted activity, palmolein oil prices declined by Rs 100 per quintal at the wholesale oils and oilseeds market today due to subdued demand from retailers against adequate stocks position.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled at previous levels.
Traders said besides muted demand from retailers, adequate stocks position kept pressure on palmolein oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils were down by Rs 100 each to Rs 5,450 and Rs 5,500 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 10,400, Groundnut Solvent Refined (per tin) Rs 1,825-1,925, Mustard expeller (Dadri) Rs 8,100, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,550, Soybean Degum (Kandla) Rs 6,250, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,450, Palmolein (Kandla) Rs 5,500 and Coconut (per tin) Rs 1,950-2,000.
Non-edible oils: Linseed Rs 9,600, Castor Rs 9,450-9,550, Neem Rs 5,350-5,450. (PTI)