Mustard, groundnut oils slide on low demand

Prices of mustard and groundnut oils fell by Rs 80 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.
However, castor oil in the non-edible section, edged up on scattered enquiries from consuming industries.
Traders said easing demand from retailers at prevailing levels against adequate stocks position on increased arrivals from producing belts mainly led to the decline in mustard and groundnut oil prices.
In the national capital, mustard expeller (Dadri) and groundnut mill delivery (Gujarat) oils drifted lower by Rs 80 each to Rs 8,000 and Rs 10,300 per quintal, respectively.
On the other hand, castor oil in the non-edible section, traded higher by Rs 50 to Rs 9,450-9,550 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 10,300, Groundnut Solvent Refined (per tin) Rs 1,825-1,925, Mustard expeller (Dadri) Rs 8,000, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) Rs 5,650 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 9,500, Castor Rs 9,450-9,550, Neem Rs 5,350-5,450.