Select edible oil prices led by seasame oil, fell up to Rs 300 per quintal in the oils and oilseeds market today on emergence of selling by stockists at existing higher levels.

Fall in retailers demand and lower trend in producing regions also dampened the trading sentiment.

Marketmen said fresh selling by stockists due to fall in demand mainly pulled down select wholesale edible oil prices.

Meanwhile, November-delivery palm oil rose 2.2 per cent to 2,349 ringgit (665 dollar) a metric tonne in the Malaysia Derivatives Exchange.

In the edible section, sesame mill delivery oil suffered the most by losing Rs 300 to Rs 6,000 per quintal followed by groundnut mill delivery oil which dropped by Rs 200 to Rs 6,100 per quintal and groundnut solvent refined oil lost Rs 20 at Rs 980-1,020 per tin of 15 litres. Mustard expeller oil also declined by Rs. 30 at Rs. 5,250 per quintal.

In line with a general weakening trend, palmolein (rbd), soyabean degum (Delhi) were down by Rs 50 each at Rs 4230 and Rs 4600 and crude palm oil (ex-kandla) followed suit and traded lower by the same margin at Rs. 3,500 per quintal.

Keywords: edible oilprices

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