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Mustard oil strengthens on rising demand, tight supply

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Press Trust of India New Delhi

Mustard oil prices strengthened by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market Tuesday on the back of surging local demand against restricted arrivals from growing regions.

Castor oil in the non-edible section, also advanced on pick up in demand from consuming industries.

Traders attributed to rise in mustard oil prices to upsurge in local demand against restricted supplies from growing regions.

In the national capital, mustard expeller (Dadri) oil gained Rs 100 to Rs 8,400 per quintal. Mustard pakki and kachi ghani oils also traded higher by Rs 10 each to Rs 1,305-1,350 and Rs 1,355-1,455 per tin, respectively.

 

In the non-edible section, castor oil traded higher by Rs 100 to Rs 7,600-7,700 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 1,160--1,360.

Edible oils: Groundnut mill delivery (Gujarat) Rs 9,000, Groundnut Solvent Refined (per tin)

Rs 1,750-1,850, Mustard expeller (Dadri) Rs 8,400, Mustard Pakki Ghani (per tin) Rs 1,305-1,350, Mustard Kachi Ghani (per tin) Rs 1,355-1,455, Sesame mill delivery Rs 10,500, Soybean Refined mill delivery (Indore) Rs 7,750, Soybean Degum (Kandla) Rs 7,350, Crude Palm Oil (Ex-Kandla) Rs 5,600, Cottonseed mill delivery (Haryana) Rs 7,800, Palmolein (RBD) Rs 6,850, Palmolein (Kandla) Rs 6,900 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 9,600, Castor Rs 7,600-7,700, Neem Rs 5,350-5,450.

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

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First Published: Sep 11 2018 | 2:50 PM IST

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