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MARKET DEVELOPMENT
Groundnut Oil Slides on Reduced Offtake
calendar18-07-2017 | linkOutlook India | Share This Post:

18/07/2017 (Outlook India) - Barring a fall in groundnut oil due to reduced offtake by stockists, other edible and non- edible oils held steady at the wholesale oils and oilseeds market today.

Traders said reduced offtake by stockists following easing demand from retailers against adequate stocks position, mainly led to the decline in groundnut oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 9,300 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 9,300, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,850, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (indore) Rs 6,500, Soybean Degum (Kandla) Rs 6,100, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 5,300, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,950, Castor Rs 9,100-9,200, Neem Rs 5,350-5,450.