Groundnut oil eases on reduced offtake

NEW DELHI, Aug 27:  Groundnut oil prices declined by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists against sufficient stocks.
However, other edible and non-edible oils moved in narrow range in limited deals and pegged at previous levels.
Traders said reduced offtake by stockists following easing demand from retailers against adequate stocks position led to decline in groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 14,300 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 14,300, Groundnut Solvent Refined (per tin) Rs 1,980-2,030, Mustard expeller (Dadri) Rs 8,850, Mustard Pakki Ghani (per tin) Rs 1,415-1,460, Mustard Kachi Ghani (per tin) Rs 1,465-1,565, Sesame Mill delivery Rs 7,800, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,500, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,150, Palmolein (Kandla) Rs 6,200 and Coconut (per tin) Rs 1,650-1,700.
Non-edible oils: Linseed Rs 9,700, Castor Rs 9,850-9,950, Neem Rs 5,350-5,450. (PTI)