Groundnut oil strengthens on increased demand

Groundnut oil prices strengthened by Rs 50 per quintal on increased demand from retailers amid tight supplies from producing belts on the wholesale oils and oilseeds market today.
However, other edible and non-edible oils moved in a narrow range in scattered deals and settled around previous levels.
Traders said persistent increased demand from retailers against tight supplies on restricted arrivals from producing belts mainly kept groundnut oil prices remain up.
In the national capital, groundnut mill delivery (Gujarat) oil advanced by Rs 50 to Rs 7,300 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) 1,000-1,200.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,300, Groundnut Solvent Refined (per tin) 1,300-1,350, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,225- 1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,200, Soyabean Refined Mill Delivery (Indore) 6,300, Soyabean Degum (Kandla) 6,000, Crude Palm Oil (Ex-Kandla) 4,700, Cottonseed Mill Delivery (Haryana) 6,100, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) 5,500 and Coconut (per tin) 2,700-2,775.
Non-edible oils: Linseed 7,850, Castor 9,600-9,700, Neem 5,350-5,450.