Groundnut oil strengthens on rising demand

NEW DELHI, Sept 19:  Groundnut oil strengthened by Rs 50 per quintal at the wholesale oils and oilseeds market today on the back of rising demand from retailers against limited supplies from producing regions.
However, other edible and non-edible oils continued to trade in a tight range in scattered deals and settled around previous levels.
Traders said pickup in demand from retailers amid restricted supplies from producing belts mainly kept groundnut oil prices higher.
In the national capital, groundnut mill delivery (Gujarat) oil advanced by Rs 50 to Rs 9,050 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 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,050, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 7,700, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, sesame mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,500, Soyabean Degum (Kandla) Rs 6,200, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,750, Palmolein (RBD) Rs 5,450, Palmolein (Kandla) Rs 5,350 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 8,500, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450. (PTI)

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