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Mustard oil remains weak on sluggish demand

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Press Trust of India New Delhi
Mustard oil prices drifted further lower by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on subdued local demand.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.

Traders said tepid local demand against adequate stocks position mainly weighed on mustard oil prices.

In the edible section, mustard expeller (Dadri) oil declined by Rs 50 to Rs 7,950 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 8,700, Groundnut Solvent Refined (per tin) Rs 1,675-1,775, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,800, Soybean Refined Mill Delivery (Indore) Rs 7,750, Soybean Degum (Kandla) Rs 7,350, Crude Palm Oil (Ex-Kandla) Rs 5,300, Cottonseed Mill Delivery (Haryana) Rs 6,900, Palmolein (RBD) Rs 6,450, Palmolein (Kandla) Rs 6,500 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 9,150, Castor Rs 7,800-7,900, Neem Rs 5,350-5,450.

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

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First Published: Feb 26 2018 | 2:25 PM IST

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