Groundnut oil prices up on local demand

Written by PTI | New Delhi | Updated: Jan 28 2013, 20:42pm hrs
Prices of groundnut oil rose up to Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on scattered local demand. Linseed oil in the non-edible section, also moved up on fresh enquiries from paint industries.

Traders said scattered demand from local parties mainly led to rise in groundnut oil prices.

They said fresh enquiries from paint industries helped linseed oil to trade higher.

In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 50 to Rs 12,400 per quintal, while groundnut solvent refined traded higher by Rs 25 to Rs 2,100-2,150 per tin.

In the non-edible section, linseed oil went up by Rs 50 to Rs 6,300 per quintal on increased demand.

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) 12,400, 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 10,600, Soybean Refined Mill Delivery (Indore) 7,650, Soyabean Degum (Kandla) 7,200, Crude Palm Oil (Ex-Kandla) 7,500, Cottonseed Mill Delivery (Haryana) 6,950, Palmolein (RBD) Rs 7,600, Palmolein (Kandla) 7,100, Rice Bran (phy) 3,800 and Coconut (per tin) 1,360-1,410.

Non-edible oils: Linseed 6,300, Mahuwa 4,000, Castor 8,750-8,850, Neem 4,950-5,050, 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.