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Subdued demand drags mustard oil down

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Press Trust of India New Delhi
In restricted activity, mustard oil prices drifted by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand against adequate stocks position.

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

Marketmen said subdued demand from local parties against higher supplies mainly kept pressure on mustard oil prices.

In the national capital, mustard expeller (Dadri) oil declined by Rs 50 to Rs 7,300 per quintal.

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 930-1,070.
 

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,850, Groundnut Solvent Refined (per tin) Rs 1,600-1,650, Mustard expeller (Dadri) Rs 7,300, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 8,100, Soyabean Refined Mill Delivery (Indore) Rs 6,700, Soyabean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,700 and Coconut (per tin) Rs 2,350-2,350.

Non-edible oils: Linseed Rs 8,500, Castor Rs 9,950-10,050, Neem Rs 5,350-5,450.

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First Published: Jun 13 2015 | 2:57 PM IST

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