Groundnut, mustard oil trade lower

Groundnut and mustard expeller oils weakened by Rs 50 each per quintal in the wholesale edible oils and oilseeds market today due to poor demand from local parties amid increased supplies.

Besides, weak trend overseas markets also weighed on the prices.

Traders said fall in demand at higher levels and weak trend in Malaysian palm oil dampened the sentiment here.  

Meanwhile, palm oil futures for December delivery fell by one per cent to $864 a metric tonne on the Malaysia Derivatives Exchange.

Groundnut mill delivery (Gujarat) and mustard expeller (dadri) oil prices fell by Rs 50 each to Rs 8,950 and Rs 5,370 per quintal, respectively.

Palmolein (rbd) fell by Rs 30 to close at Rs 4,920 per quintal, while crude palm oil (ex-kandla) down by Rs 20 to Rs 4,190 per quintal.

Following are today's quotations in Rs per quintal: 

Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 750-860

Edible oils: Groundnut mill delivery (Gujarat) 8,950, groundnut Solvent refined (per tin) 1,550-1,560, Mustard Expeller (Dadri) 5,370, Mustard Pakki ghani (per tin) 730-885, Mustard kachi ghani (per tin) 885-985

Sunflower 6,300, Sesame mill delivery 5,850, soybean Refined mill delivery (Indore) 4,980 Soyabean degum (Delhi) 4,700, Crude Palm Oil (Ex-kandla) 4,190, Cottonseed mill delivery (Haryana) 4,650, Palmolein (RBD) 4,920, Rice bran (phy) 3,750 and Coconut (per tin) 1,125-1,155

Non-edible oils: Linseed 4,100, Mahuwa 4,000, Castor 8,200-8,300, Neem 3,800-3,900, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175