16/01/2010 (PTI), New Delhi - Continuing their slide for the second straight week, edible oil prices fell up to Rs 200 per quintal at the wholesale oils and oilseeds market on selling by stockists, triggered by higher imports and weak global trend.

Hopes of higher mustardseed output due to favourable weather conditions, subdued demand from millers and retailers, and sufficient stocks in the market put pressure on the prices of the edible oil.

Sentiments remained bearish after reports of 18 per cent rise in edible oil import during November-December and weak trend in Malaysian palm oil on rising stockpiles.

Meanwhile, palm oil for March delivery fell by 1.4 per cent to USD 760 a metric tonne at the Malaysia Derivatives Exchange.

In the national capital, mustard expeller (Dadri) oil prices slipped by Rs 10 to Rs 5,240 per quintal.