Groundnut oil remains weak on reduced offtake

Groundnut oil prices drifted further lower by Rs 200 per quintal in an otherwise steady wholesale oils and oilseeds market today due to reduced offtake by stockists following easing demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled at previous levels.
Traders said reduced offtake by stockists due to subdued demand from retailers against adequate stocks position mainly kept pressure on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil lost Rs 200 at Rs 13,000 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 13,000, 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 6,850, Soybean Degum (Kandla) Rs 6,550, 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.