Groundnut oil recovers on retailers buying
Press Trust of India New Delhi Groundnut oil prices rebounded by Rs 200 per quintal at the wholesale oils and oilseeds market today following pick-up in demand from retailers.
Linseed oil, in the non-edible section, also went up on increased offtake by consuming industries.
Traders said besides uptick in demand from retailers, restricted supplies from producing regions mainly pushed up groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil shot up by Rs 200 to Rs 12,500 per quintal.
Among non-edible oils, linseed also traded higher by Rs 100 to Rs 9,800 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 12,500, Groundnut Solvent Refined (per tin) Rs 1,900-1,950, Mustard expeller (Dadri) Rs 8,750, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,000, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,550, Cottonseed Mill Delivery (Haryana) Rs 6,600, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 1,700-1,750.
Non-edible oils: Linseed Rs 9,800, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.