Business Standard

Mustard oil eases on muted demand

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Press Trust of India New Delhi
In restricted activity, mustard oil prices declined by Rs 50 per quintal at the wholesale oils and oilseeds market today on subdued demand from local parties.

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

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

In the national capital, mustard expeller (Dadri) oil traded lower by Rs 50 to Rs 8,750 per quintal. Mustard pakki and kachi ghani oil also eased by Rs 15 each to Rs 1,400-1,445 and Rs 1,450-1,550 per tin, respectively.
 

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.

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

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First Published: Sep 01 2016 | 2:22 PM IST

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