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Cottonseed oil weakens on subdued demand

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Press Trust of India New Delhi
Cottonseed oil prices eased by Rs 50 per quintal in lacklustre trade at the wholesale oils and oilseeds market today owing to subdued demand against adequate stocks position.

However, other edible and non-edible oils moved in a narrow range on scattered support and settled around previous levels.

Traders said adequate stocks position against sluggish demand led to the fall in cottonseed oil prices.

In the national capital, cottonseed mill delivery (Haryana) oil shed Rs 50 at Rs 5,500 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 930-1,070.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,600, Groundnut Solvent Refined (per tin) Rs 1,550-1,600, Mustard expeller (Dadri) Rs 7,100, Mustard Pakki Ghani (per tin) Rs 1,200-1,250, Mustard Kachi Ghani (per tin) Rs 1,250-1,350, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,500, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,350-2,400.

Non-edible oils: Linseed Rs 8,200, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.

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First Published: Apr 23 2015 | 3:07 PM IST

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