MARKET DEVELOPMENT
Groundnut Oil Softens on Reduced Offtake
Groundnut Oil Softens on Reduced Offtake
31/01/2017 (Outlook India) - Edible oils: Groundnut Mill Delivery (Gujarat) Rs 10,000,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,450, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,400, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,750, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) Rs 6,300 and Coconut (per tin) Rs 1,850-1,900
New Delhi, Jan 30 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.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Traders said that besides reduced offtake by stockists following tepid demand from retailers, adequate stocks position on increased supplies from producing belts mainly kept pressure on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 10,000 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 10,000,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,450, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,400, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,750, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) Rs 6,300 and Coconut (per tin) Rs 1,850-1,900.
Non-edible oils: Linseed Rs 9,900, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.
New Delhi, Jan 30 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.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Traders said that besides reduced offtake by stockists following tepid demand from retailers, adequate stocks position on increased supplies from producing belts mainly kept pressure on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 10,000 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 10,000,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,450, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,400, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,750, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) Rs 6,300 and Coconut (per tin) Rs 1,850-1,900.
Non-edible oils: Linseed Rs 9,900, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.