Select edible oils prices fall on global cues
Castor oil in the non-edible section also eased on reduced industrial offtake.
Traders said sluggish demand at prevailing higher levels amid a weak global trend led to a decline in crude oil demand for bio-fuel.
Meanwhile, palm oil fell by 1.2 per cent to USD 819 a tonne on the Malaysia Derivatives Exchange. In the national capital, groundnut mill delivery oil
(Gujarat) declined by Rs 100 to Rs 12,350 per quintal .
Tracking a weak global trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined by Rs 100 each by Rs 7,700 and Rs 7,250 and crude palm oil (ex-kandla) traded lower by similar margin to Rs 7,550 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and lost Rs 100 each at Rs 7,700 and Rs 7,200 per quintal, respectively.
In the non-edible section, castor oil declined by Rs 50 to Rs 8750-8850 per quintal.
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