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Mustard oil weakens on muted local demand

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Press Trust of India New Delhi

Mustard oil prices declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on sluggish local demand.

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

Traders said, sluggish demand against sufficient stocks position mainly weighed on mustard oil prices.

In the national capital, mustard expeller (Dadri) oil fell by Rs 50 Rs 7,700 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 8,250, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,700, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,500, Soybean Refined Mill Delivery (Indore) Rs 7,650, Soybean Degum (Kandla) Rs 7,250, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill Delivery (Haryana) Rs 7,200, Palmolein (RBD) Rs 7,150, Palmolein (Kandla) Rs 7,200 and Coconut (per tin) Rs 3,100-3,150.

 

Non-edible oils: Linseed Rs 8,900, Castor Rs 7,000-7,100, Neem Rs 5,350-5,450.

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

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First Published: Jun 18 2018 | 2:10 PM IST

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