Mustard oil rises on local demand

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SummaryMustard oil prices rose by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market.

Mustard oil prices rose by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on pick-up in local demand in view of festive season.

However, other edible and non-edible oils moved in a narrow range in restricted buying and settled around previous levels.

Traders said pick-up in local demand driven by festive season mainly led to rise in mustard oil prices.

In the national capital, mustard expeller oil (Dadri) rose by Rs 50 to Rs 8,300 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) 11,900, Groundnut Solvent Refined (per tin) 1,900-1,950, Mustard expeller (Dadri) 8,300, Mustard Pakki Ghani (per tin)

1,230-1,370, Mustard Kachi Ghani (per tin) 1,385-1,485, Sunflower 6,300, Sesame Mill Delivery 8,750, Soybean Refined Mill Delivery (Indore) 7,600, Soyabean Degum (Kandla) 7,200,Crude Palm Oil (Ex-Kandla) 7,200, Cottonseed Mill Delivery

(Haryana) 7,150, Palmolein (RBD) Rs 7,700, Palmolein (Kandla) 7,250, Rice Bran (phy) 3,800 and Coconut(per tin) 1,350-1,400.

Non-edible oils: Linseed 5,900, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,650-4,750, 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.

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