NEW DELHI: Edible oil prices fell by up to Rs 100 per quintal in the wholesale oils and oilseeds market today due to slackened demand amid a weak global trend. However, non-edible oils moved in a narrow range in limited deals and settled around previous levels. Traders said subdued demand at prevailing levels and a weak global trend where palm oil dropped after crude oil fell the most this year, reducing the appeal of vegetable oils as biofuel feedstock, and on renewed concern that weakening demand will bolster stockpiles influenced the sentiment. Meanwhile, palm oil the contract for January delivery declined 0.8 per cent to $777 a tonne on the Malaysian Derivatives Exchange. In the national capital, groundnut (Gujarat) and mustard expeller (Dadri) oils declined by Rs 50 each to Rs 11,900 and Rs 8,250 quintal, respectively. Tracking a weak global trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell by Rs 100 each to Rs 7,500 and Rs 7,100, while crude palm oil (ex-kandla) traded lower by the same margin to Rs 7,130 per quintal respectively. Palmolein (rbd) and palmolein (kandla) oils followed suit and lost Rs 100 each to Rs 7,600 and Rs 7,150 per quintal respectively.

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