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Groundnut, mustard oil ease on muted demand

Press Trust of India  |  New Delhi 

Prices of groundnut and mustard fell by up to Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand against adequate stocks position.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels.

Traders said easing demand from retailers against adequate stocks position on increased supplies from producing belts, mainly led to the decline in groundnut and mustard prices.

In the national capital, groundnut mill delivery (Gujarat) moved down by Rs 100 to Rs 7,900 per quintal.

Mustard expeller (Dadri) oils also shed Rs 50 to Rs 7,900 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 7,900, Groundnut Solvent Refined (per tin) Rs 1,450-1,550, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,800, Cottonseed Mill Delivery (Haryana) Rs 6,400, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,850 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,750, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 11 2017. 14:22 IST