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Palmolein, groundnut oils weaken on sluggish demand

Press Trust of India  |  New Delhi 

Prices of palmolein and groundnut drifted lower by up to Rs 100 per at the wholesale oils and oilseeds market today owing to slackened demand.

However, castor and linseed oils in the non-edible section, traded higher due to increased offtake by consuming industries.

Traders said subdued demand from retailers against ample stocks position, led to the decline in palmolein and groundnut prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils were down by Rs 50 each to Rs 6,950 and Rs 7,000 per quintal, respectively.

Groundnut mill delivery (Gujarat) also eased to Rs 8,350 against last close of Rs 8,450 per

On the other hand, in the non-edible section, castor and linseed oils went up by Rs 100 each to Rs 7,600-7,700 and Rs 9,200 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 8,350, Groundnut Solvent Refined (per tin)

Rs 1,730-1,830, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,285-1,330, Mustard Kachi Ghani (per tin) Rs 1,335-1,435, Sesame Mill delivery Rs 9,800, 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 7,400, Palmolein (RBD) Rs 6,950, Palmolein (Kandla) Rs 7,000 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 9,200, Castor Rs 7,600-7,700, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 14:10 IST