Select edible oils fall on subdued demand, global cues

Jan 03 2013, 15:12 IST
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SummarySelect edible oils prices fell up to Rs 200 per quintal on the wholesale oils and oilseeds market.

Select edible oils prices fell up to Rs 200 per quintal on the wholesale oils and oilseeds market today on subdued demand at prevailing higher levels amid a weak global trend.

However, non-edible oils remained steady in thin trade.

Traders said subdued demand at prevailing higher levels amid a weak global trend influenced select edible oil prices.

Meanwhile, palm oil lost 1.4 per cent to USD 813 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital,mustard expeller oil (Dadri) fell by Rs 200 to Rs 8,225 per quintal on poor local demand at prevailing higher levels.

Taking negative cues from overseas market, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined by Rs 50 each to Rs 7,400 and Rs 6,950 per quintal respectively.

Palmolein (rbd) and palmolein (Kandla) oils also declined by Rs 50 each to Rs 7,450 and Rs 6,950 per quintal respectively.

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