Drop in prices of edible oils

Palmoelin ruled lower in Mumbai oils and oilseeds market and was offered at Rs.2,100. The tax paid palmolein was quoted at Rs2,360 a quintal. Output of edible oils, in the domestic mills was reported negligible.

Demand in red sesame in West Bengal from oil millers remained sluggish. Delhi delivery price of red sesame were quoted at Rs.1,050 a quintal.

Domestic edible oil prices showed a mild improvement. Castor oil fell by Rs 150/175 at Rs. 3,700/4,100 a quintal as its sowing is expected higher in view of monsoon rains in Gujarat.


Market Update
(Oil Seeds)