Palmolein, groundnut oils soften on sluggish demand

Press Trust of India  |  New Delhi 

Prices of palmolein and groundnut fell by Rs 50 per at the wholesale oils and oilseeds market today owing to slackened demand from retailers.

However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.

Traders said, besides easing demand from retailers, adequate stocks position mainly attributed the slide in palmolein and groundnut prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils went down by Rs 50 each to Rs 7,000 and Rs 7050 per quintal, respectively. Groundnut mill delivery (Gujarat) also traded lower by a similar margin to Rs 8,400 per

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 8,400, Groundnut Solvent Refined (per tin) Rs 1,720-1,820, Mustard expeller (Dadri) Rs 7,800, Mustard Pakki Ghani (per tin) Rs 1,265-1,310, Mustard Kachi Ghani (per tin) Rs 1,315-1,415, Sesame mill delivery Rs 9,600, Soybean Refined mill delivery (Indore) Rs 7,700, Soybean Degum (Kandla) Rs 7,300, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed mill delivery (Haryana) Rs 7,300, Palmolein (RBD) Rs 7,000, Palmolein (Kandla) Rs 7,050 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 9,100, Castor Rs 7,300-7,400, Neem 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 06 2018. 15:10 IST