Groundnut oil softens on sluggish demand

Groundnut oil softens on sluggish demand

New Delhi, Dec 1 (PTI) In restricted activity, groundnut oil prices declined by Rs 100 per quintal at the wholesale oils and oilseeds market today owing to slackened demand from retailers against sufficient stocks.
However, other edible and non-edible oils continued to trade in a tight range in scattered deals and settled at the previous levels.
Traders said besides easing demand from retailers, adequate stocks position on increased supplies from producing belts mainly led to decline in the groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil eased by Rs 100 to Rs 10,100 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 10,100,Groundnut Solvent Refined (per tin) Rs 1,750-1,850, 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 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana) Rs 6,700, Palmolein (RBD) Rs 5,900, Palmolein (Kandla) Rs 5,950 and Coconut (per tin) Rs 1,800-1,850.
Non-edible oils: Linseed Rs 9,900, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450. PTI SUN KPS SBT