Groundnut oil rises on upsurge in demand, tight supply

In restricted activity, groundnut oil prices rose by Rs 200 per quintal at the wholesale oils and oilseeds market today on increased demand from retailers against restricted arrivals from producing regions.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Marketmen said besides pick-up in demand from retailers, tight stocks position on fall in supplies from producing belts mainly led to the rise in groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 200 to Rs 13,300 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 13,300, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,400-1,450, Mustard Kachi Ghani (per tin) Rs 1,450-1,550, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,400, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,850, Palmolein (Kandla) Rs 5,900 and Coconut (per tin) Rs 1,550-1,600.
Non-edible oils: Linseed Rs 9,750, Castor Rs 9,650-9,750, Neem Rs 5,350-5,450.