Groundnut oil extends weakness on low demand

Groundnut mill delivery remained weak for the second day and prices shed another Rs 100 per quintal at the wholesale oils and oilseeds market today on sluggish demand from retailers amid increased arrivals from producing regions.
However, other edible and non-edible oils, continued to trade in a tight range in limited deals and pegged around previous levels.
Traders said besides easing demand from retailers, adequate stocks position on higher supplies from producing belts mainly kept pressure on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell further by Rs 100 to Rs 13,900 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 13,900, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,750, Mustard Pakki Ghani (per tin) Rs 1,400-1,445, Mustard Kachi Ghani (per tin) Rs 1,450-1,550, Sesame Mill delivery Rs 7,900, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,500, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 1,650-1,700.
Non-edible oils: Linseed Rs 9,650, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.