Palmolein, groundnut soften on muted demand

Palmolein and groundnut oil prices declined by up to Rs 100 per quintal at the wholesale oils and oilseeds market today on subdued retailers demand.

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

Traders said tepid demand from retailers against adequate stocks position mainly weighed on palmolein and groundnut oil prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils eased by Rs 50 each to Rs 6,100 and Rs 6,150 per quintal respectively. Groundnut mill delivery (Gujarat) oil also declined by Rs 100 to Rs 8,700 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 8,700, Groundnut Solvent Refined (per tin) Rs 1,650-1,750, Mustard expeller (Dadri) Rs 7,800, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,900, Soybean Refined Mill Delivery (Indore) Rs 7,200, Soybean Degum (Kandla) Rs 6,800, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivey (Haryana) Rs 6,300, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 2,550-2,600.

Non-edible oils: Linseed Rs 8,800, Castor Rs 8,400-8,500, Neem Rs 5,350-5,450.