Weak Demand Softens Market Prices

Prices for cottonseed and rice bran oil have fallen by USD 0,12-0,18 per kg due to declining demand for imported oils and weak domestic buying activity. The market for non-edible oils also showed sluggish performance, reflecting limited demand.

Trends in Cottonseed and Rice Bran Oil

Raisanna oil prices dropped by USD 0,12 per kg to USD 1,24 per kg as an improved supply situation coincided with reduced demand for refined products. Similarly, cottonseed oil prices fell by USD 0,18 per kg, settling at USD 1,44 per kg, as buying interest from refiners remained weak.

Mustard Oil and Seed Prices Face Pressure

The arrival of approximately 1,25 million bags of mustard in Indian markets, coupled with weak mill demand, kept mustard seed prices at USD 0,78-0,79 per kg on Lawrence Road. Mustard oil prices remained subdued at USD 1,65 per kg in Delhi and USD 1,63 per kg in Haryana, reflecting a broader trend of limited purchasing activity.

Soya and Crude Palm Oil Price Movement

Soya refined oil prices in Kandla declined by USD 0,18 per kg to USD 1,47 per kg, influenced by weak futures in Chicago. Crude palm oil (CPO) prices also dropped by USD 0,18 per kg to USD 1,25 per kg, following a USD 25 per tonne reduction in international prices to USD 1,245 per tonne.

Decline in Industrial and Non-Edible Oil Prices

Weak demand from industrial buyers, such as soap manufacturers, caused rice fatty acid prices to fall to USD 1,17-1,18 per kg. Similarly, soya acid oil prices slipped to USD 0,86-0,87 per kg. Castor oil prices dropped to USD 1,63-1,64 per kg, as reduced industrial demand and selling pressure from stockists weighed on the market.

Vanaspati Ghee Remains Stagnant

Vanaspati ghee prices remained unchanged, reflecting weak demand. Current prices stand at USD 2,83-2,98 per tin, with no immediate signs of recovery.





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