02/02/2017 (Daily News & Analysis) - Palmolein oil prices declined by Rs 50 per quintal in an otherwise steady at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

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

Traders said easing demand from retailers mainly attributed the fall in palmolein oil prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils shed Rs 50 each at Rs 6,250 and Rs 6,300 per quintal, respectively.

In the non-edible section, castor oil drifted lower by Rs 50 to Rs 9750-9850 per quintal.

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 10,000,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,450, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,400, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,750, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) Rs 6,300 and Coconut (per tin) Rs 1,850-1,900.

Non-edible oils: Linseed Rs 9,900, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.