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MARKET DEVELOPMENT
Groundnut oil remains weak on low demand
calendar09-01-2018 | linkOutlook India | Share This Post:

Outlook India (08/01/2018) - New Delhi, Jan 8 In restricted activity, groundnut oil prices eased by Rs 100 per quintal at the wholesale oils and oilseeds market today on muted demand against adequate stocks position.

However, other edible and non-edible oils moved in a narrow range in scattered deals and pegged at last levels.

Traders said besides fall in demand from retailers, adequate stocks position on increased supplies from producing belts mainly kept groundnut oil prices down.

In the national capital, groundnut mill delivery (Gujarat) oil fell further by Rs 100 to Rs 9,600 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 9,600, Groundnut Solvent Refined (per tin) Rs 1,675-1,775, Mustard expeller (Dadri) Rs 8,050, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,700, Soybean Refined Mill Delivery (Indore) Rs 7,450, Soybean Degum (Kandla) Rs 7,050, Crude Palm Oil (Ex-Kandla) Rs 5,100, Cottonseed Mill Delivey (Haryana) Rs 6,800, Palmolein (RBD) Rs 6,300, Palmolein (Kandla) Rs 6,350 and Coconut (per tin) Rs 2,950-3,000.

Non-edible oils: Linseed Rs 8,900, Castor Rs 8,400-8,500, Neem Rs 5,350-5,450.