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Mustard oil dips on subdued demand

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Press Trust of India New Delhi
Mustard oil declined by Rs 50 per quintal at the wholesale oils and oilseeds market today following sluggish demand from local parties coupled with adequate stocks position.

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

Traders said slackened demand from local parties against sufficient stocks mainly led to decline in mustard oil prices.

In the national capital, mustard expeller (Dadri) oil fell by Rs 50 to Rs 7,550 per quintal.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,950, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,550, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,050, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 5,800, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 2,225-2,250.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.

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First Published: Jul 28 2015 | 3:22 PM IST

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