Coconut oil slides on muted demand

NEW DELHI, Mar 19:  In restricted activity, coconut oil prices drifted by Rs 100 per tin at the wholesale oils and oilseeds market today owing to slackened demand from retailers and a weak trend at growing regions.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled at last levels.
Traders said weak demand from retailers amid lower advices from producing regions mainly led to the fall in coconut oil prices.
In the national capital, coconut oil fell by Rs 100 to Rs 1,700-1,750 per tin.
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 9,400, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,050, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 6,700, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cotton seed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,650, Palmolein (Kandla) Rs 5,600 and Coconut (per tin) Rs 1,700-1,750.
Non-edible oils: Linseed Rs 9,200, Castor Rs 9,400-9,500, Neem Rs 5,350-5,450. (PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here