Groundnut oil eases on reduced offtake

NEW DELHI, Dec 4:  In restricted activity, groundnut oil declined by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists following easing demand from retailers.
However, other edible and non-edible oils held steady in thin trade.
Traders said reduced offtake by stockists following fall in demand from retailers against adequate stocks position, mainly weighed on groundnut oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil drifted lower by Rs 100 to Rs 9,000 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 9,000, Groundnut Solvent Refined (per tin) Rs 1,650-1,750, Mustard expeller (Dadri) Rs 8,000, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,500, Soybean Refined Mill Delivery (Indore) Rs 7,500, Soybean Degum (Kandla) Rs 7,100, Crude Palm Oil (Ex-Kandla) Rs 5,000, Cottonseed Mill Delivey (Haryana) Rs 6,500, Palmolein (RBD) Rs 6,450, Palmolein (Kandla) Rs 6,500 and Coconut (per tin) Rs 2,650-2,700.
Non-edible oils: Linseed Rs 8,800, Castor Rs 8,700-8,800, Neem Rs 5,350-5,450. (PTI)

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