Groundnut Oil Eases on Reduced Offtake
In restricted activity, groundnut oil prices drifted lower by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists.
New Delhi, Apr 11 (PTI) In restricted activity, groundnut oil prices drifted lower by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists.
Linseed oil in the non-edible section, also traded lower on tepid demand from consuming industries.
Traders said reduced offtake by stockists following easing demand from retailers against adequate stocks position, mainly weighed on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 8,400 per quintal.
In the non-edible section, lineed oil also eased by Rs 100 to Rs 9,200 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 8,400,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,850, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 9,000, Soybean Refined Mill Delivery (Indore) Rs 7,800, Soybean Degum (Kandla) Rs 7,400, Crude Palm Oil (Ex-Kandla) Rs 5,400, Cottonseed Mill Delivery (Haryana) Rs 7,100, Palmolein (RBD) Rs 7,100, Palmolein (Kandla) Rs 7,150 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 9,200, Castor Rs 7,500-7,600, Neem Rs 5,350-5,450.
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