Groundnut oil falls on reduced offtake

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Press Trust of India New Delhi
Last Updated : Sep 15 2016 | 2:48 PM IST
Barring a fall in groundnut oil prices due to reduced offtake by stockists following easing demand from retailers, other edible and non-edible oils held steady at the wholesale oils and oilseeds market today in thin trade.
Traders said muted demand from retailers against adequate stocks position on higher supplies from producing regions mainly kept pressure on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil drifted lower by Rs 200 to Rs 13,300 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 13,300, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,700, 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 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,550, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 6,150, Palmolein (Kandla) Rs 6,200 and Coconut (per tin) Rs 1,700-1,750.
Non-edible oils: Linseed Rs 9,650, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.

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First Published: Sep 15 2016 | 2:48 PM IST

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