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Groundnut oil remains weak on muted demand

Press Trust of India  |  New Delhi 

Groundnut prices fell further by Rs 200 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers against ample stocks position.

However, other edible and non-edible oils moved in a narrow range in limited deals and settled around the previous levels.

Traders said besides easing demand from retailers, adequate stocks position on increased supplies from producing belts, mainly kept pressure on the groundnut prices.

In the national capital, groundnut mill delivery (Gujarat) fell further by Rs 200 to Rs 10,100 per quintal.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 10,100,Groundnut Solvent Refined (per tin) Rs 1,750-1,850, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,700, Soybean Degum (Kandla) Rs 6,400, Crude Palm (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana)Rs 6,650, Palmolein (RBD) Rs 5,850, Palmolein (Kandla) Rs 5,900 and Coconut (per tin) Rs 1,750-1,800.

Non-edible oils: Linseed Rs 9,900, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 14:13 IST