Groundnut oil rises on retailers demand

NEW DELHI, Oct 20: Groundnut oil prices rose by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on scattered demand from retailers.

Linseed oil also moved up on increased offtake by paint industries.

Traders said scattered demand from retailers helped groundnut oil prices to trade higher.

In the national capital, groundnut oil mill delivery (Gujarat) advanced by Rs 50 to Rs 7,650 per quintal.

Among non-edible, linseed oil also moved up by Rs 50 to Rs 8,100 per quintal on increased paint industries demand.

Following are today’s quotations (in Rs per quintal):

Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 960-1,130.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,650, Groundnut Solvent Refined (per tin) 1,300-1,350, Mustard expeller (Dadri) 7,250, Mustard Pakki Ghani (per tin) 1,200- 1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,350, Soyabean Refined Mill Delivery (Indore) 6,500, Soyabean Degum (Kandla) 6,200, Crude Palm Oil (Ex-Kandla) 4,700, Cottonseed Mill Delivery (Haryana) 6,150, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) 5,500 and Coconut (per tin) 2,675-2,750.

Non-edible oils: Linseed 8,100, Castor 9,600-9,700, Neem 5,350-5,450. (PTI)

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