Groundnut rises on increased offtake

Groundnut oil prices rose by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market today due to increased offtake by stockists following uptick in demand from retailers.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.

Traders said increased offtake by stockists, driven by pick up in demand from retailers mainly led to rise in groundnut oil prices.

In the national capital, groundnut mill delivery(Gujarat) oil rose by Rs 100 to Rs 8,900 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 8,900, Groundnut Solvent Refined (per tin) Rs 1,650-1,750, Mustard expeller (Dadri) Rs 8,000, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 7,000, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivey (Haryana) Rs 6,400, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) Rs 6,050 and Coconut (per tin) Rs 2,450-2,500.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.