Groundnut oil weakens on muted demand

In restricted activity, groundnut oil prices drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
However, other edible and non-edible oils moved in a tight range in limited deals and settled around previous levels.
Traders said sluggish demand from retailers against sufficient stocks kept pressure on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil eased by Rs 50 to Rs 9,100 per quintal.
Groundnut solvent refined followed suit and shed Rs 25 at Rs 1,700-1,800 per tin.
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 9,100, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,400, Mustard Pakki Ghani (per tin) Rs 1,350-1,400, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 6,850, Soyabean Refined Mill Delivery (Indore) Rs 6,300, Soyabean Degum (Kandla) Rs 6,000, Crude Palm Oil (Ex-Kandla) Rs 4,050, Cotton seed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,200, Palmolein (Kandla) Rs 5,150 and Coconut (per tin) Rs 1,850-1,900.
Non-edible oils: Linseed Rs 9,050, Castor Rs 9,400-9,500, Neem Rs 5,350-5,450.