MARKET DEVELOPMENT
Mustard Oil Weakens on Sluggish Demand
Mustard Oil Weakens on Sluggish Demand
05/07/2017 (Outlook India) - In restricted activity,mustard oil softened by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.
Traders said easing local demand mainly led to decline in mustard oil prices.
In the national capital, mustard expeller (Dadri) oil traded lower by Rs 50 to Rs 7,900 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 9,400, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,900, 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 6,550, Soybean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 9,000, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.
Traders said easing local demand mainly led to decline in mustard oil prices.
In the national capital, mustard expeller (Dadri) oil traded lower by Rs 50 to Rs 7,900 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 9,400, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,900, 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 6,550, Soybean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 9,000, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.