Mustard oil weakens on sluggish local demand

In restricted activity, mustard oil prices receded by Rs 50 per quintal at the wholesale oils and oilseeds market today.

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

Traders said easing local demand due to rising mercury against sufficient stocks position, led to decline in mustard oil prices.

Meanwhile, vegetable oils import rose by 3.5 per cent in

April to 13.86 lakh tonnes, according to industry data.

Imports of vegetable oils (edible oil and non-edible oil)

stood at 13.39 lakh tonnes in April 2017, according to Solvent

Extractors' Association of India (SEA).

In the national capital, mustard expeller (Dadri) oil shed

Rs 50 to Rs 7,650 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 8,500, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,100, Soybean Refined Mill Delivery (Indore) Rs 7,700, Soybean Degum (Kandla) Rs 7,300, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill Delivery (Haryana) Rs 7,000, Palmolein (RBD) Rs 7,200, Palmolein (Kandla) Rs 7,250 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 8,900, Castor Rs 7,200-7,300, Neem Rs 5,350-5,450.