Mustard oil declines on subdued local buying

Mustard oil turned weak and prices fell by Rs 50 per quintal at the wholesale oils and oilseeds market today due to sluggish demand by local parties.
However, other edible and non-edible oils continued to move in a narrow range in limited deals and settled around previous levels.
Traders said subdued demand from local parties against adequate stocks position mainly kept pressure on mustard oil prices.
In the national capital, mustard expeller (Dadri) oil declined by Rs 50 to Rs 7,200 per quintal.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 960-1,130.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,700, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,200- 1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,300, Soyabean Refined Mill Delivery (Indore) 6,600, Soyabean Degum (Kandla) 6,300, Crude Palm Oil (Ex-Kandla) 4,600, Cottonseed Mill Delivery (Haryana) 6,000, Palmolein (RBD) 5,800, Palmolein (Kandla) 5,600 and Coconut (per tin) 2,675-2,750.
Non-edible oils: Linseed 8,150, Castor 9,600-9,700, Neem 5,350-5,450.