Groundnut oil rises on rising demand

Groundnut oil prices firmed up by Rs 100 per quintal at the wholesale oils and oilseeds market today due to pick up in demand from retailers.
Linseed oil in the non-edible section, also traded higher on increased offtake by consuming industries.
Traders said besides pick up in demand from retailers,restricted supplies from producing regions mainly led to the rise in groundnut oil prices.
In the national capital,groundnut mill delivery (Gujarat) oil went up by Rs 100 to Rs 10,700 per quintal.
Among non-edible, linseed oil also rose by Rs 50 to Rs 9,600 per quintal on pick up in demand from paint industries.

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 10,700, Groundnut Solvent Refined (per tin) Rs 1,900-1,950, Mustard expeller (Dadri) Rs 8,150, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,300, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cotton seed Mill Delivery (Haryana) Rs 5,950, Palmolein (RBD) Rs 5,900, Palmolein (Kandla) Rs 5,950 and Coconut (per tin) Rs 1,600-1,650.

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