Groundnut oil prices up on mills buying

Barring a surge in groundnut oil on millers buying, the oils and oilseeds market closed on a steady note today. 

Traders said increased buying by millers to meet the ongoing marriage season demand pushed up wholesale groundnut oil prices.

They said restricted arrivals and higher advices from Gujarat further fueled the uptrend in groundnut oil prices.

Groundnut mill delivery (Gujarat) oil shot up by Rs 250 to Rs 7,600 per quintal. Groundnut solvent refined followed suit and traded higher by Rs 25 to Rs 1,450-1,460 per tin.

Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 925-960

Edible oils: Groundnut mill delivery (Gujarat) 7,600, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 6,150, Mustard Pakki ghani (per tin) 780-935, Mustard kachi ghani (per tin) 935-1,035

Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,270, Soyabean degum (Kandla) 6,070, Crude Palm Oil (Ex-kandla) 5,550, Cottonseed mill delivery (Haryana) 5,700, Palmolein (RBD) 6,200, Rice bran (phy) 3,750 and Coconut (per tin) 1,415-1,475

Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,600-8,700, Neem 4,050-4,150, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175