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Groundnut oil softens on subdued demand

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Press Trust of India New Delhi
Groundnut oil prices declined by Rs 100 per quintal in lacklustre trade at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

Castor oil in the non-edible section, also slipped on reduced offtake by consuming industries.

Traders said besides easing demand from retailers, adequate stocks position mainly helped groundnut oil prices to trade lower.

In the national capital, groundnut oil fell by Rs 100 to Rs 8,300 per quintal. Groundnut solvent refined followed suit and edged down by Rs 50 to Rs 1500-1600 per tin.

In the non-edible section, castor oil traded lower by Rs 100 to Rs 8,900-9,000 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 8,300, Groundnut Solvent Refined (per tin) Rs 1,500-1,600, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,800, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,800, Cottonseed Mill Delivery (Haryana) Rs 6,400, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) Rs 5,750 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,700, Castor Rs 8,900-9,000, Neem Rs 5,350-5,450.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Sep 04 2017 | 3:42 PM IST

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