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MARKET DEVELOPMENT
Cottonseed Oil Weakens on Sluggish Demand
calendar20-01-2017 | linkBusiness Standard | Share This Post:

20/01/2017 (Business Standard) - Cottonseed oil prices declined by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on subdued demand.

However, other edible and non-edible oils moved in a narrow range in limited deals and settled around the previous levels.

Traders said sluggish demand from retailers against adequate stocks position led to the decline in cottonseed oil prices.

In the national capital, cottonseed mill delivery (Haryana) oil shed Rs 50 at Rs 6,750 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 1,800-1,900, Mustard expeller (Dadri) Rs 8,500, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,300, Soybean Refined Mill Delivery (Indore) Rs 6,950, Soybean Degum (Kandla) Rs 6,650, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,750, Palmolein (RBD) Rs 6,300, Palmolein (Kandla) Rs 6,350 and Coconut (per tin) Rs 1,850-1,900.

Non-edible oils: Linseed Rs 9,850, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)