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Mustard, soyabean oils weaken on muted demand

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Press Trust of India New Delhi
Prices of mustard and soyabean oils drifted lower by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

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

Traders said easing demand from retailers against sufficient stocks position mainly put pressure on mustard and soyabean oil prices.

In the national capital, mustard expeller (Dadri) oil declined by Rs 50 to Rs 8,850 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded lower by a similar margin to Rs 6,850 and Rs 6,550 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 14,400, Groundnut Solvent Refined (per tin) Rs 1,980-2,030, Mustard expeller (Dadri) Rs 8,850, Mustard Pakki Ghani (per tin) Rs 1,415-1,460, Mustard Kachi Ghani (per tin) Rs 1,465-1,565, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,500, Cottonseed Mill Delivery (Haryana) Rs 6,400, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.

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

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First Published: Aug 23 2016 | 2:22 PM IST

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