Mustard oil weakens on sluggish demand

NEW DELHI, Oct 4:  Mustard oil prices softened by Rs 20 per quintal in an otherwise steady wholesale oils and oilseeds market today due to subdued demand from local parties.
However, other edible and non-edible oils moved in a narrow range on little doing and settled around previous levels.
Traders said low demand from local parties mainly helped mustard oil prices to trade lower.
In the national capital, mustard expeller (Dadri) oil traded lower by Rs 20 to Rs 7,280 per quintal.
Following are today’s quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee: (15-litre tin) 1,000-1,200.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,600, Groundnut Solvent Refined (per tin) 1,300-1,350, Mustard expeller (Dadri) 7,280, Mustard Pakki Ghani (per tin) 1,225- 1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,300, Soyabean Refined Mill Delivery (Indore) 6,650, Soyabean Degum (Kandla) 6,350, Crude Palm Oil (Ex-Kandla) 4,800, Cottonseed Mill Delivery (Haryana) 6,250, Palmolein (RBD) Rs 5,950, Palmolein (Kandla) 5,750 and Coconut (per tin) 2,700-2,775.
Non-edible oils: Linseed 8,000, Castor 9,700-9,800, Neem 5,350-5,450. (PTI)