Groundnut, mustard oils slide on reduced offtake

Prices of groundnut and mustard oils declined by up to Rs 50 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists on the back of sluggish demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Traders said subdued demand from retailers against adequate stocks position mainly kept pressure on groundnut and mustard oil prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils eased by Rs 50 and Rs 30 to Rs 8,400 and Rs 7,850 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 940-1,080.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,400, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,850, Mustard Pakki Ghani (per tin) 1,250- 1,300, Mustard Kachi Ghani (per tin) 1,300-1,400, sesame mill delivery 7,600, Soyabean Refined Mill Delivery (Indore) 7,000, Soyabean Degum (Kandla) 6,700, Crude Palm Oil (Ex-Kandla) 4,300, Cottonseed Mill Delivery (Haryana) 5,900, Palmolein (RBD) 6,050, Palmolein (Kandla) 5,900 and Coconut (per tin) 2,350-2,400.
Non-edible oils: Linseed 8,400, Castor 9,750-9,850, Neem 5,350-5,450.