Groundnut, mustard oils decline on subdued demand

Groundnut and mustard oil prices fell up to Rs 180 per quintal on fall in demand at existing higher levels against sufficient supply on the oils and oilseeds market today. 

However, crude palm oil found selective buying and improved.  

Market analysts said fall in demand at prevailing higher levels against adequate stocks mainly led to fall in wholesale groundnut and mustard oil prices.

In the national capital, mustard expeller oil (Dadri) dropped by Rs 180 to Rs 5,900 per quintal. Mustard pakki and kachi ghani oils traded lower by Rs 5 each to Rs 770-925 and Rs 925-1,025 per tin.

Groundnut milldelivery oil (Gujarat) fell by Rs 100 to Rs 7,400 per quintal, while groundnut solvent refined lost Rs 25 to Rs 1,375-1,385 per tin. On the other hand, crude palm oil (ex-kandla)rose by Rs 100 to Rs 5,500 per quintal.

Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140

Edible oils: Groundnut mill delivery (Gujarat) 7,400, groundnut Solvent refined (per tin) 1,375-1,385, Mustard Expeller (Dadri) 5,900, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025, Sunflower 6,300, Sesame mill delivery 6,400

soybean Refined mill delivery (Indore) 6,570, Soyabean degum (Kandla) 6,170, Crude Palm Oil (Ex-kandla) 5,500, Cottonseed mill delivery (Haryana) 5,740, Palmolein (RBD) 6,270, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560

Non-edible oils: Linseed 4,650, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,150-4,250, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175