Groundnut oil eases on adequate supply

Groundnut oil prices fell by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today owing to slackened demand from retailers against adequate stocks position.
However, other edible and non-edible oils moved in a narrow range in scattered deals and settled at previous levels.
Traders said subdued demand from retailers against adequate stocks position mainly led to the decline in groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 50 to Rs 7,450 per quintal.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 960-1,130.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,450, Groundnut Solvent Refined (per tin) 1,300-1,350, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,200- 1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,350, Soyabean Refined Mill Delivery (Indore) 6,400, Soyabean Degum (Kandla) 6,100, Crude Palm Oil (Ex-Kandla) 4,600, Cottonseed Mill Delivery (Haryana) 6,000, Palmolein (RBD) 5,600, Palmolein (Kandla) 5,400 and Coconut (per tin) 2,675-2,750.
Non-edible oils: Linseed 8,100, Castor 9,600-9,700, Neem 5,350-5,450.