Groundnut oil remains weak on subdued demand

NEW DELHI: In restricted activity, groundnut oil extended yesterday's losses with prices falling further by Rs 50 to Rs 11,400 per quintal on subdued demand against increased supplies.

Traders said sluggish demand against increased supplies from producing belts mainly kept pressure on wholesale groundnut oil prices.

In the national capital, groundnut mill delivery oil (Gujarat) shed another Rs 50 to Rs 11,400 per quintal.

The following were today's quotations per quintal: Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,100-1,250. Edible oils: Groundnut Mill Delivery (Gujarat) 11,400, Groundnut Solvent Refined (per tin) 1,850-1,900, Mustard expeller (Dadri) 7,800, Mustard Pakki Ghani (per tin) 1,145-1,285, Mustard Kachi Ghani (per tin) 1,300-1,400, Sunflower 6,300, Sesame Mill Delivery 8,050, Soybean Refined Mill Delivery (Indore) 7,800, Soyabean Degum (Kandla) 7,350,Crude Palm Oil (Ex-Kandla) 7,300, Cottonseed Mill Delivery (Haryana) 6,300, Palmolein (RBD) Rs 8,000, Palmolein (Kandla) 7,650, Rice Bran (phy) 3,800 and Coconut(per tin) 1,350-1,400.

Non-edible oils: Linseed 5,100, Mahuwa 4,000, Castor 8,400-8,500, Neem 4,400-4,500, Rice Bran 3,280-3,380 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.