New Delhi: Select edible oil prices drifted between Rs 50-150 a quintal in the wholesale oils and oilseeds market on Thursday owing to slow down in buying by millers and pick up in imports of edible oils.
Non-edible oils, on the other side, continued to be traded around previous level on some deals. Traders said apart from reduced offtake by millers, reports of a rise of about 38 per cent at 22.64 lakh tonnes of edible oils in the last five months also helped prices to decline.
They said reports of a near normal monsoon this year, forecast by the meteorological department was another factor behind fall in the prices.
In the edible section, groundnut and cottonseed mill delivery oil prices were down by Rs 50 each at Rs 7,050 and Rs 5550 per quintal respectively. Sesame mill delivery oil lost Rs 150 at Rs 7,650 a quintal on poor offtake.
Mustard expeller oil in line with general trend quoted lower at Rs 5,600 a quintal as against last close of Rs 5650. Rice bran (physical) oil also lacked necessary buying support and dropped to Rs 4550 a quintal from Rs 4,600.
Non-edible oils, on the other side, continued to be traded around previous level on some deals. Traders said apart from reduced offtake by millers, reports of a rise of about 38 per cent at 22.64 lakh tonnes of edible oils in the last five months also helped prices to decline.
They said reports of a near normal monsoon this year, forecast by the meteorological department was another factor behind fall in the prices.
In the edible section, groundnut and cottonseed mill delivery oil prices were down by Rs 50 each at Rs 7,050 and Rs 5550 per quintal respectively. Sesame mill delivery oil lost Rs 150 at Rs 7,650 a quintal on poor offtake.
Mustard expeller oil in line with general trend quoted lower at Rs 5,600 a quintal as against last close of Rs 5650. Rice bran (physical) oil also lacked necessary buying support and dropped to Rs 4550 a quintal from Rs 4,600.
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