Groundnut, soyabean oils slide on sluggish demand

NEW DELHI: Prices of groundnut and soyabean oils fell by Rs 50 per quintal at the wholesale oils and oilseeds market today following subdued demand from retailers coupled with sufficient stocks position.

However, non-edible oils continued to move in a narrow range in limited deals and settled at last levels.

Traders said subdued demand from retailers against adequate stocks position mainly led to decline in groundnut and soyabean oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil traded lower by Rs 50 to Rs 8,850 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also lacked necessary buying support and lost Rs 50 each at Rs 6,500 and Rs 6,200 per quintal, respectively.

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

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,850, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,500, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,000, 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 5,500, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,225-2,250.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.