Groundnut oil weakens on reduced offtake

Groundnut oil declined by Rs 50 per quintal at the wholesale oil and oilseeds market today due to reduced offtake by stockists on the back of sluggish demand.
However, other edible and non-edible oils continued to trade in a narrow range in limited deals and settled around previous levels.
Traders said subdued demand from retailers against adequate stocks position mainly led to the decline in groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 50 to Rs 8,700 per quintal.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 930-1,070.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,700, Groundnut Solvent Refined (per tin) Rs 1,625-1,675, Mustard expeller (Dadri) Rs 7,150, Mustard Pakki Ghani (per tin) Rs 1,220-1,270, Mustard Kachi Ghani (per tin) Rs 1,270-1,370, sesame mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,650, Soyabean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cottonseed Mill Delivery (Haryana) Rs 5,600, Palmolein (RBD) Rs 5,650, Palmolein (Kandla) Rs 5,550 and Coconut (per tin) Rs 2,375-2,425.
Non-edible oils: Linseed Rs 8,250, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.