Groundnut oil strengthens on increased demand
Groundnut oil prices advanced by Rs 100 per quintal at the wholesale oils and oilseeds market today due to pick-up in demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at the last levels.
Traders said increased demand from retailers against restricted arrivals from producing belts mainly kept groundnut oil prices higher.
In the national capital, groundnut mill delivery (Gujarat) oil rose further by Rs 100 to Rs 8,800 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 8,800, Groundnut Solvent Refined (per tin) Rs 1,650-1,750, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,900, Soybean Refined Mill Delivery (Indore) Rs 7,200, Soybean Degum (Kandla) Rs 6,800, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivery (Haryana) Rs 6,300, Palmolein (RBD) Rs 6,200, Palmolein (Kandla) Rs 6,250 and Coconut (per tin) Rs 2,550-2,600.
Non-edible oils: Linseed Rs 8,800, Castor Rs 8,500-8,600, Neem Rs 5,350-5,450.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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