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Select edible oils slide on muted demand, adequate stocks


In a holiday-shortened week, select edible oil prices drifted lower at the wholesale oil and oilseeds market owing to slackened demand from retailers against ample stocks position on higher supplies.

Castor oil in the non-edible section, also eased on reduced offtake by consuming industries.

Markets remained closed on Thursday on account of Republic Day.

Traders said besides easing demand from retailers, adequate stocks position on increased arrivals from producing regions mainly kept pressure on select edible oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 10,100 per quintal.

Mustard expeller (Dadri) oil shed Rs 50 to Rs 8,450 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also declined by Rs 50 each to Rs 6,900 and Rs 6,600 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils, which remained steady for the major part of week met with resistance at the fag-end and finished lower by Rs 50 each to Rs 6,250 and Rs 6,300 per quintal respectively.

In the non-edible section, castor oil traded lower by Rs 50 to Rs 9,800-9,900, while linseed oil held steady at Rs 9,900 per quintal, respectively. (MORE)

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