Mustard, sesame oils slide on subdued demand

Image
Press Trust of India New Delhi
Last Updated : May 23 2014 | 3:37 PM IST
Prices of mustard and sesame oils fell by Rs 100 per quintal on the wholesale oils and oilseeds market today owing to subdued demand.
However, other edible and non-edible oils continued to move in a narrow range in limited deals and settled around previous levels.
Traders said besides subdued demand, adequate stocks position mainly kept pressure on mustard and sesame oil prices.
In the national capital, mustard expeller (Dadri) remained weak and shed another Rs 100 to Rs 6,600 per quintal.
Sesame mill delivery oil also traded lower by the same margin to Rs 8,900 per quintal.
Following are today's quotations per quintal:
Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,050-1,200.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,200, Groundnut Solvent Refined (per tin) 1,260-1,280, Mustard expeller (Dadri) 6,600, Mustard Pakki Ghani (per tin) 1,100-1,150, Mustard Kachi Ghani (per tin) 1,150-1,250, sesame mill delivery 8,900 Soybean Refined Mill Delivery (Indore) 6,800, Soyabean Degum (Kandla) 6,500, Crude Palm Oil (Ex-Kandla) 5,650, Cottonseed Mill Delivery (Haryana) 6,100, Palmolein (RBD) Rs 6,300, Palmolein (Kandla) 6,050,and Coconut (per tin)2,500-2,550.
Non-edible oils: Linseed 7,600, Mahuwa 4,000, Castor 9,450-9,550, Neem 5,300-5,400.
Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 23 2014 | 3:37 PM IST

Next Story