Mustard oil trades lower on subdued demand

NEW DELHI, Nov 24: Mustard oil prices drifted by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on slackened demand from local parties against adequate stocks position.

However, other edible and non-edible oils moved in a tight range in limited deals and settled around previous levels.

Traders said subdued demand against adequate stocks position mainly led to the decline in mustard oil prices.

In the national capital, mustard expeller (Dadri) oil declined by Rs 50 to Rs 7,100 per quintal.

Following are today’s quotations (in Rs per quintal):

Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 960-1,130.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,750, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,100, Mustard Pakki Ghani (per tin) 1,200- 1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,100, Soyabean Refined Mill Delivery (Indore) 6,700, Soyabean Degum (Kandla) 6,400, Crude Palm Oil (Ex-Kandla) 4,600, Cottonseed Mill Delivery (Haryana) 5,900, Palmolein (RBD) 5,900, Palmolein (Kandla) 5,700 and Coconut (per tin) 2,600-2,650.

Non-edible oils: Linseed 8,150, Castor 9,600-9,700, Neem 5,350-5,450. (PTI)

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