Groundnut oil declines in thin trade

NEW DELHI, Mar 29: Barring a fall in groundnut oil prices on reduced offtake, other edible and non edible oils continued to trade at previous levels on the wholesale oils and oilseeds market today in the absence of any worthwhile activity.

Traders said reduced offtake by stockists against subdued demand from retailers led to decline in groundnut mill delivery oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 7,500 per quintal.

The following were 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) 7,300, Mustard Pakki Ghani (per tin) 1,290-1,370, Mustard Kachi Ghani (per tin) 1,375-1,475, Sunflower 6,300, Sesame Mill Delivery 11,200, Soybean Refined Mill Delivery (Indore) 7,450, Soyabean Degum (Kandla) 7,200,Crude Palm Oil (Ex-Kandla) 5,600, Cottonseed Mill Delivery (Haryana) 6,300, 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 7,600, Mahuwa 4,000, Castor 9,500-9,600, 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. (AGENCIES)