Business Standard

Mustard, cottonseed oils slide on muted demand

Image

Press Trust of India New Delhi
Prices of mustard and cottonseed oils fell by up to Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

However, other edible and non-edible oils continued to moved in a narrow range in limited deals and settled around previous levels.

Traders said subdued demand from retailers mainly led to fall in mustard and cottonseed oil prices.

In the national capital, mustard expeller (Dadri) oil weakened by Rs 50 to Rs 8,650 per quintal. Cottonseed mill delivery (Haryana) oil also traded lower by Rs 100 to Rs 6,500 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 800-1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 13,200, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,650, Mustard Pakki Ghani (per tin) Rs 1,405-1,4550, Mustard Kachi Ghani (per tin) Rs 1,455-1,555, Sesame Mill delivery Rs 7,800, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,450, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,850, Palmolein (Kandla) Rs 5,900 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 04 2016 | 2:42 PM IST

Explore News