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Groundnut rises on increased offtake

Press Trust of India  |  New Delhi 

prices rose by Rs 100 per quintal in an otherwise steady wholesale oils and market today due to increased offtake by stockists following uptick in demand from retailers.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.


Traders said increased offtake by stockists, driven by pick up in demand from retailers mainly led to rise in prices.

In the national capital, mill delivery(Gujarat) rose by Rs 100 to Rs 8,900 per quintal.

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

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

Edible oils: Mill Delivery (Gujarat) Rs 8,900, Solvent Refined (per tin) Rs 1,650-1,750, expeller (Dadri) Rs 8,000, Pakki Ghani (per tin) Rs 1,300-1,345, Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 7,000, Soybean Degum (Kandla) Rs 6,600, Crude Palm (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivey (Haryana) Rs 6,400, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) Rs 6,050 and Coconut (per tin) Rs 2,450-2,500.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, October 16 2017. 14:57 IST
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