Groundnut oil softens on reduced offtake

NEW DELHI, Mar 17: Barring a fall in groundnut oil prices due to reduced offtake by stockists, other edible and non-edible oils held steady at the wholesale oils and oilseeds market today.
Traders said reduced offtake by stockists following easing demand from retailers against sufficient stocks position, mainly weighed on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat)oil declined by Rs 100 to Rs 8,500 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 8,500, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,000, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,900, Soybean Refined Mill Delivery (Indore) Rs 7,800, Soybean Degum (Kandla) Rs 7,400, Crude Palm Oil (Ex-Kandla) Rs 5,400, Cottonseed Mill Delivery (Haryana) Rs 7,000, Palmolein (RBD) Rs 6,900, Palmolein (Kandla) Rs 6,950 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 9,250, Castor Rs 7,800-7,900, Neem Rs 5,350-5,450. (PTI)