Groundnut oil slips on reduced offtake

NEW DELHI, June 2: Groundnut oil prices fell by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists on easing demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled at the previous levels.
Traders said reduced offtake by stockists on easing demand from retailers against adequate stocks position mainly weighed on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 8,300 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 8,300, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller  (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,300, Soybean Refined Mill Delivery (Indore) Rs 7,600, Soybean Degum (Kandla) Rs 7,200, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill Delivery (Haryana) Rs 7,200, Palmolein (RBD) Rs 7,250,  Palmolein (Kandla) Rs 7,300 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 8,900, Castor Rs 7,200-7,300, Neem Rs 5,350-5,450. (PTI)

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