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Mustard, cottonseed oils slide on subdued demand

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Press Trust of India New Delhi
Mustard and cottonseed oils traded lower by Rs 50 per quintal each at the wholesale oils and oilseeds market today owing to slack demand from retailers.

However, other edible and non-edible oils moved in a narrow range in limited deals and settled at previous levels.

Traders said tepid demand from retailers against adequate stocks position mainly led to decline in mustard and cottonseed oil prices.

In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils drifted lower by Rs 50 each to Rs 7,950 and Rs 6,450 per quintal respectively.

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 10,300, Groundnut Solvent Refined (per tin) Rs 1,825-1,925, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) Rs 5,650 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 9,500, Castor Rs 9,450-9,550, Neem Rs 5,350-5,450.

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

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First Published: May 12 2017 | 2:48 PM IST

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