New Delhi, Sep 29 (PTI) Edible oil prices drifted down at the wholesale oils and oilseeds market during the week following muted demand from millers as well as retailers and ample stocks position on higher supplies from growing belts. Also Read - Coronavirus in Gujarat: 45-Year-Old COVID-19 Patient Dies, State's Death Toll Reaches 5
A few oils in the non-edible section, too, eased on reduced offtake by consuming industries. Also Read - Amid Lockdown, Gujarat Govt to Provide Food Items Freely to Poor Families From April 1
Traders said apart from easing demand from retailers and Vanaspati millers, adequate stocks position on increased supplies from producing regions kept edible oil prices lower. Also Read - 69-Year-Old Man Gujarat's First Casualty Due to Coronavirus, Death Toll in India Rises to Seven
In the national capital, groundnut mill delivery (Gujarat) and cotton seed mill delivery (Haryana) oils declined by Rs 100 each to Rs 8,700 and Rs 7,800 per quintal, respectively.
Mustard expeller (Dadri) oil also shed Rs 50 to Rs 8,450 per quintal.
In line with the overall trends, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils, too, finished lower by Rs 50 each to Rs 7,800 and Rs 7,400 per quintal, respectively.
On the other hand, palmolein (rbd) and palmolein (Kandla) oils moved both ways on alternate bouts of buying or selling and finally settled at previous levels of Rs 6,800 and Rs 6,850 per quintal, respectively.
In the non-edible section, castor oil fell by Rs 100 to Rs 7,400-7,500 per quintal on reduced industrial offtake.
Linseed oil also fell by Rs 200 to Rs 9,200 per quintal on lack of demand from paint industries. (MORE)
This is published unedited from the PTI feed.