Mustard oil strengthens on rising demand

In restricted activity,mustard oil prices strengthened by Rs 100 per quintal at the wholesale oils and oilseeds market today on the back of rising demand from local parties, driven by ongoing 'Diwali' festival.
However, castor oil in the non-edible section, eased on reduced offtake by consuming industries.
Traders said besides rising demand from local parties to meet festive and wedding season demand amid restricted supplies from producing belts mainly kept mustard oil prices higher.
They said, however, subdued demand from consuming industries kept pressure on castor oil prices.
In the national capital, mustard expeller (Dadri) oil advanced by Rs 100 to Rs 8,400 per quintal.

On the other hand, in the non-edible section, castor oil moved down by Rs 100 to Rs 9,850-9,950 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 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,100, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,400, Mustard Pakki Ghani (per tin) Rs 1,445-1,495, Mustard Kachi Ghani (per tin) Rs 1,485-1,585, Sesame Mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,750, Soyabean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,500 and Coconut (per tin) Rs 2,150-2,200.

Non-edible oils: Linseed Rs 9,000, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.