Groundnut oil gains on demand from retailers

Groundnut oil prices firmed up to Rs 100 per quintal at the wholesale oils and oilseeds market on increased demand from retailers amid restricted arrivals from producing belts.
Castor oil also traded higher on increased offtake by consuming industries.
Traders said increased demand from retailers against limited arrivals from producing belts mainly led to the rise in groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil gained Rs 100 at Rs 8,750 per quintal. Groundnut solvent refined followed suit and edged up by Rs 50 to Rs 1,450-1,500 per tin.
In the non-edible section, castor oil moved up by Rs 50 to Rs 9,600-9,700 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 930-1,070.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,750, Groundnut Solvent Refined (per tin) Rs 1,450-1,500, Mustard expeller (Dadri) Rs 7,400, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,100, Cottonseed Mill Delivery (Haryana) Rs 5,500, Palmolein (RBD) Rs 5,500, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,350-2,400.

Non-edible oils: Linseed Rs 8,350, Castor Rs 9,600-9,700, Neem Rs 5,350-5,450.