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Mustard oil up on mild demand

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Press Trust of India New Delhi
Barring mustard oil that saw a rise on mild demand from local parties, all edible and non-edible oils held steady at the wholesale oils and oilseeds market today.

Traders said scattered demand from local parties mainly led to rise in mustard oil prices.

They said, however, trading activity remained extremely restricted due to prevailing cash crunch in the market after the government last week banned Rs 500 and Rs 1,000 currency notes in a bid to curb black money.

In the national capital, mustard expeller (Dadri) oil moved up by Rs 50 to Rs 8,700 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 800-1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 10,200,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery

(Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana) Rs 6,650, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) Rs 5,750 and Coconut (per tin) Rs 1,750-1,800.

Non-edible oils: Linseed Rs 9,900, Castor Rs 9,650-9,750, Neem Rs 5,350-5,450.

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

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First Published: Nov 16 2016 | 2:32 PM IST

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