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Mustard oil slides on sluggish demand

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Press Trust of India New Delhi
Mustard oil prices drifted by Rs 75 per quintal at the wholesale oils and oilseeds market today on muted demand from local parties.

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

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

In the national capital, mustard expeller (Dadri) oil declined by Rs 75 to Rs 8,200 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 9,250, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,200, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 6,650, Soybean Refined Mill Delivery (Indore) Rs 6,550, Soybean Degum (Kandla) Rs 6,250, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cotton seed Mill Delivery (Haryana) Rs 5,650, Palmolein (RBD) Rs 5,500, Palmolein (Kandla) Rs 5,450 and Coconut (per tin) Rs 1,800-1,850.

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

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First Published: Feb 23 2016 | 2:28 PM IST

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