Groundnut softens on sluggish demand

Groundnut oil prices fell by Rs 100 per quintal at the wholesale oils and oilseeds market today on subdued demand from retailers.
Castor oil in the non-edible section, also eased on reduced offtake by consuming industries.
Traders said muted demand from retailers against sufficient stocks position, mainly weighed on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 8,900 per quintal.
Among non-edible oils, castor oil also traded lower by Rs 100 to Rs 8,800-8,900 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 7,950, 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 Delivery (Haryana) Rs 6,350, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 2,550-2,600.
Non-edible oils: Linseed Rs 8,800, Castor Rs 8,800-8,900, Neem Rs 5,350-5,450.