Mustard oil weakens on sluggish demand

NEW DELHI, June 29:  Mustard oil prices fell by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on sluggish 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 sluggish demand from local parties against adequate stocks position mainly led to decline in mustard oil.
In the national capital, mustard expeller (Dadri) declined by Rs 50 to Rs 6,700 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) 1,100-1,250.
Edible oils: Groundnut Mill Delivery (Gujarat) 9,550, Groundnut Solvent Refined (per tin) 1,990-2,040, Mustard expeller (Dadri) 6,700, Mustard Pakki Ghani (per tin) 1,270-1,350, Mustard Kachi Ghani (per tin) 1,355-1,455, Sunflower 6,300, Sesame Mill Delivery 11,300, Soybean Refined Mill Delivery (Indore) 7,150, Soyabean Degum (Kandla) 6,850, Crude Palm Oil (Ex-Kandla) 4,850, Cottonseed Mill Delivery (Haryana) 6,250, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) 5,200, Rice Bran (phy) 3,800 and Coconut (per tin)1,300-1,350.
Non-edible oils: Linseed 6,400, Mahuwa 4,000, Castor 9,000-9,100, Neem 5,100-5,200, Rice Bran 3,200-3,300 and Palm Fatty 3,225-3,300.
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)
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