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Groundnut, mustard oil slide on muted demand

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Press Trust of India New Delhi
Groundnut and mustard oils recorded a fall by up to Rs 200 per quintal in their prices at the wholesale oils and oilseeds market today on adequate stocks position against subdued demand.

However, other edible and non-edible oils held steady in thin trade

Traders said besides fall in demand from retailers, sufficient stocks position on pick up in arrivals from producing regions mainly kept pressure on groundnut and mustard oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil fell further by Rs 200 to Rs 10,800 per quintal. Mustard expeller (Dadri) also eased by Rs 50 to Rs 8,650 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 10,800,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,650, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery(Indore) Rs 6,650, Soybean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana) Rs 6,650, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,850 and Coconut (per tin) Rs 1,750-1,800.

Non-edible oils: Linseed Rs 9,900, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Nov 04 2016 | 2:22 PM IST

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