Groundnut, cottonseed oils prices up on local buying

Written by PTI | New Delhi | Updated: Feb 1 2013, 21:43pm hrs
Prices of groundnut and cottonseed oils moved up by Rs 50 per quintal in the wholesale oils and oilseeds market today on increased local buying to meet the wedding season demand.

However, non-edible oils moved in a narrow range in scattered deals from consuming industries and pegged around previous levels.

Marketmen said increased buying activity driven by ongoing marriage season mainly led to rise in groundnut and cottonseed oil prices.

In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils rose by Rs 50 each to Rs 12,450 and Rs 7,000 per quintal respectively. 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) 12,450, Groundnut Solvent Refined (per tin) 2,100-2,150, Mustard

expeller (Dadri) 8,250, Mustard Pakki Ghani (per tin) 1,300-1,380, Mustard Kachi Ghani (per tin) 1,385-1,485, Sunflower 6,300, Sesame Mill Delivery 10,900, Soybean Refined Mill Delivery (Indore) 7,750, Soyabean Degum (Kandla) 7,300, Crude Palm Oil (Ex-Kandla) 7,600, Cottonseed Mill Delivery (Haryana) 7,000, Palmolein (RBD) Rs 7,750, Palmolein (Kandla) 7,250, Rice Bran (phy) 3,800 and Coconut (per tin) 1,360-1,410.

Non-edible oils: Linseed 6,350, Mahuwa 4,000, Castor 8,800-8,900, Neem 5,000-5,100, Rice Bran 3,130-3,230 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.