Groundnut, mustard oils strengthen on increased demand

NEW DELHI, Apr 24:   Prices of groundnut and mustard oil strengthened by Rs 50 per quintal on the wholesale oils and oilseeds market today on increased demand.

However, edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.

Traders said besides increased demand against tight supply from producing regions mainly led to rise in groundnut and mustard oil prices.

In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils advanced by Rs 50 each to Rs 7,500 and Rs 7,200 per quintal, respectively.

Following are today’s quotations per quintal:

Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,120-1,340.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,500, Groundnut Solvent Refined (per tin) 1,900-1,950, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,290-1,370, Mustard Kachi Ghani (per tin) 1,375-1,475, Sunflower 6,300, Sesame Mill Delivery 9,900, Soybean Refined Mill Delivery (Indore) 7,450, Soyabean Degum (Kandla) 7,250, Crude Palm Oil (Ex-Kandla) 5,700, Cottonseed Mill Delivery (Haryana) 6,200, Palmolein (RBD) Rs 6,700, Palmolein (Kandla) 6,350, Rice Bran (phy) 3,800 and Coconut (per tin) 1,900-1,950.

Non-edible oils: Linseed 7,400, Mahuwa 4,000, Castor 9,400-9,500, Neem 5,300-5,400, Rice Bran 3,150-3,250 and Palm Fatty 3,200-3,300.

Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175. (PTI)