Groundnut oil eases on reduced offtake

In restricted activity, groundnut oil prices were down by Rs 50 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by retailers against adequate supplies from producing regions.
However, other edible and non-edible oils moved in a tight range in scattered deals and settled around previous levels.
Marketmen said fall in demand from retailers against adequate stocks position mainly led to the fall in groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 50 to Rs 7,550 per quintal.
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) 1,060-1,290.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,550, Groundnut Solvent Refined (per tin) 1,300-1,375, Mustard expeller (Dadri) 7,050, Mustard Pakki Ghani (per tin) 1,225-1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 9,000, Soyabean Refined Mill Delivery (Indore) 6,900, Soyabean Degum (Kandla) 6,600, Crude Palm Oil (Ex-Kandla) 5,250, Cottonseed Mill Delivery (Haryana) 6,550, Palmolein (RBD) Rs 6,200, Palmolein (Kandla) 6,000 and Coconut (per tin) 2,600-2,680.
Non-edible oils: Linseed 7,750, Castor 9,600-9,700, Neem 5,350-5,450.