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Mustard oil weakens on subdued demand, adequate supply

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Press Trust of India New Delhi
Mustard oil prices drifted by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on subdued demand against adequate supplies from producing region.

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

Marketmen said sluggish demand against adequate supplies from producing regions mainly kept pressure on mustard oil.

In the national capital, mustard expeller (Dadri) declined by Rs 50 to Rs 7,300 per quintal.

The following were today's quotations per quintal:

Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,160-1,290.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,800, Groundnut Solvent Refined (per tin) 1,950-2,000, Mustard expeller (Dadri) 7,300, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,500, Soybean Refined Mill Delivery (Indore) 7,300, Soyabean Degum (Kandla) 7,000, Crude Palm Oil (Ex-Kandla) 5,100, Cottonseed Mill Delivery (Haryana) 6,100, Palmolein (RBD) Rs 6,400, Palmolein (Kandla) 6,000, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.
 

Non-edible oils: Linseed 7,400, Mahuwa 4,000, Castor 9,300-9,400, Neem 5,300-5,400, Rice Bran 3,170-3,270 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.

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First Published: Feb 01 2014 | 2:09 PM IST

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