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Mustard, palmolein oils slide on sluggish demand

Press Trust of India  |  New Delhi 

Prices of mustard and palmolein oils declined by Rs 50 per quintal at the wholesale oils and oilseeds market today, owing to slackened demand from retailers.

Castor in the non-edible section, also eased on reduced offtake by consuming industries.


Traders said subdued demand from retailers against adequate stocks position mainly led to the decline in mustard and palmolein prices.

In the national capital, mustard expeller (Dadri) fell by Rs 50 to Rs 7,650 per quintal.

Palmolein (rbd) and palmolein (Kandla) oils also softened by Rs 50 each to Rs 5,300 and Rs 5,350 per quintal, respectively.

In the non-edible section, castor too traded lower by Rs 50 to Rs 8,900-9,000 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 8,500, Groundnut Solvent Refined (per tin) Rs 1,550-1,650, Mustard expeller (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 7,800, Soybean Refined Mill Delivery (Indore) Rs 6,650, Soybean Degum (Kandla) Rs 6,250, Crude Palm (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,350, Palmolein (RBD) Rs 5,300, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 8,900-9,000, Neem Rs 5,350-5,450.

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

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