New Delhi, January 30: Prices of edible oils fell up to Rs 415 per quintal at the wholesale oils and oilseeds market during the week on sustained selling by stockists amid higher output concerns.
A few oils in the non-edible oils, also drifted on reduced industrial offtake.
Sentiments remained bearish in line with a weakening trend in global markets as Malaysian palm oil declined on rising stocks.
Besides, higher imports against sluggish demand from millers and hopes of higher mustardseed output due to favourable weather conditions put pressure on the prices of the edible oil, traders said.
Meanwhile, state-run trading corporation PEC floated tender for importing 12,000 tonnes of edible oils.
–Agencies