MARKET DEVELOPMENT
Groundnut Oil Strengthens on Rising Demand
Groundnut Oil Strengthens on Rising Demand
29/09/2017 (PTI) - Groundnut oil prices firmed up by Rs 100 per quintal at the wholesale oils and oilseeds market today on the back of rising demand from retailers.
Castor oil in the non-edible section, also moved up on increased offtake by consuming industries.
Traders said increased demand from retailers in view of festive season mainly kept groundnut oil prices higher.
In the national capital, groundnut mill delivery (Gujarat) oil rose further by Rs 100 to Rs 8,700 per quintal.
Groundnut solvent refined followed suit and traded higher by a smilar margin to Rs 1,600-1,700 per tin.
In the non-edible section, castor oil went up by Rs 100 to Rs 9,200-9,300 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 8,700, Groundnut Solvent Refined (per tin) Rs 1,600-1,700, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) Rs 6,050 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 8,800, Castor Rs 9,200-9,300, Neem Rs 5,350-5,450.
This is published unedited from the PTI feed.
Castor oil in the non-edible section, also moved up on increased offtake by consuming industries.
Traders said increased demand from retailers in view of festive season mainly kept groundnut oil prices higher.
In the national capital, groundnut mill delivery (Gujarat) oil rose further by Rs 100 to Rs 8,700 per quintal.
Groundnut solvent refined followed suit and traded higher by a smilar margin to Rs 1,600-1,700 per tin.
In the non-edible section, castor oil went up by Rs 100 to Rs 9,200-9,300 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 8,700, Groundnut Solvent Refined (per tin) Rs 1,600-1,700, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,000, Palmolein (Kandla) Rs 6,050 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 8,800, Castor Rs 9,200-9,300, Neem Rs 5,350-5,450.
This is published unedited from the PTI feed.