Prices of select edible oils fell by up to Rs 50 per quintal in the wholesale oils and oilseeds market today due to sluggish demand at prevailing higher levels amid a weak trend overseas. In the non-edible segment, neem oil eased on reduced industrial offtake. Traders said sluggish demand at prevailing higher levels and reports of a weak trend in overseas market mainly led to the fall in wholesale edible oil prices. Meanwhile, palm oil futures for November delivery declined by 0.9% to USD 1,019 a tonne on the Malaysia Derivatives Exchange. In the national capital, the price of soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined by Rs 50 each to Rs 6,450 and Rs 5,900, respectively, while crude palm oil (ex-Kandla) shed Rs 20 to Rs 5,200 per quintal. Palmolein (rbd) and palmolein (Kandla) also moved down by Rs 20 each to Rs 5,850 and Rs 5,550 per quintal, respectively. In line with the general weakening trend, mustard expeller oil (Dadri), sesame and cottonseed mill delivery (Haryana) lost Rs 20 each to Rs 5,960, Rs 6,180 and Rs 5,500 per quintal, respectively. In the non-edible section, neem oil shed Rs 50 to Rs 4,000-4,100 per quintal.

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