Select edible oils remain weak on sluggish demand

Select edible oils remain weak on sluggish demand
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First Published: Fri, Aug 31 2007. 02 58 PM IST
Updated: Fri, Aug 31 2007. 02 58 PM IST
PTI
New Delhi: Select edible oils price fell in the wholesale oils and oilseeds market on 31 August, on increased arrival from producing belts amidst sluggish demand from vanaspati millers.
However, non-edible oils continued to trade in a tight range on lack of industrial demand and settled around previous levels.
Marketmen said increased arrival from producing belts against poor demand from vanaspati millers mainly pulled down select edible oil prices.
They said reports of fresh import of edible oils in the face of better crop on adequate rains dampened the trading sentiment.
In the edible section, mustard expeller oil lost Rs30 at Rs4,830 a quintal on reduced offtake by local parties.
Sesame and cottonseed mill delivery oils eased to Rs4,900 and Rs4,580 against last closing of Rs4,950 and Rs4,650 a quintal respectively.
Soyabean refined mill delivery also dropped to Rs4,850 and Rs4,680 a quintal respectively in line with general trend.
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First Published: Fri, Aug 31 2007. 02 58 PM IST
More Topics: Edible oil | Report | vanaspati | soya oil | mustard |