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Mustard oil declines on sluggish demand

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Press Trust of India New Delhi
In restricted activity, mustard oil prices fell by Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from local parties.

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

Traders said subdued demand from local parties against adequate stocks position mainly kept pressure on mustard oil prices.

In the national capital, mustard expeller (Dadri) oil drifted by Rs 100 to Rs 8,750 per quintal. Mustard pakki and kachi ghani oils followed suit and traded lower by Rs 50 each to Rs 1,400-1,450 and Rs 1,450-1,550 per tin, 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 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,000, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,750, Mustard Pakki Ghani (per tin) Rs 1,400-1,450, Mustard Kachi Ghani (per tin) Rs 1,450-1,550, Sesame Mill delivery Rs 7,200, Soyabean Refined Mill Delivery (Indore) Rs 6,500, Soyabean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,100, Cotton seed Mill Delivery (Haryana) Rs 5,750, Palmolein (RBD) Rs 5,250, Palmolein (Kandla) Rs 5,200 and Coconut (per tin) Rs 1,900-1,950.

Non-edible oils: Linseed Rs 9,100, Castor Rs 9,500-9,600, Neem Rs 5,350-5,450.

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First Published: Jan 11 2016 | 2:28 PM IST

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