New Delhi: Edible oil prices today moved down by up to Rs 250 per quintal in the national capital on emergence of selling by stockists sparked by weakening global trend following the credit crisis.

Palmoline (rbd) lost Rs 50 at Rs 4150 per quintal while cotton seed mill delivery oil declined by Rs 100 to Rs 2900 per quintal.

Soyabean refined mill delivery dipped by Rs 150 to Rs 5100 and soyabean degum (Delhi) by Rs 200 at Rs 4800 per quintal respectively.

Groundnut oil dropped by Rs 100 to Rs 5400 per quintal and groundnut solvent refined shed Rs 10 at Rs 1075-1125 per tin of 15 litres. Mustard expeller oil moved down by Rs 60 to Rs 6440 per quintal. Mustard pakki and kachi ghani oils traded lower by Rs 10 each at Rs 705-870 and Rs 870-945 per tin.

In line with weakening general trend, sesame oil weakened by Rs 100 to Rs 6,400 per quintal while rice bran (physical) dropped by Rs 250 to Rs 4,250 per quintal. Cottonseed oil lost Rs 150 to Rs 4,300 per quintal.

Trading sentiments were dampened after palm oil in Malaysia fell by 5.2 per cent at 411 dollar a tonne for January contract, the lowest level since June 2006 as production exceeds demand due to the global financial crisis.
Source : PTI