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Groundnut oil softens on reduced offtake

In restricted activity, groundnut oil prices declined by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists.

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In restricted activity, groundnut oil prices declined by Rs 100 per quintal at the wholesale oils and oilseeds market today due to reduced offtake by stockists.

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

Traders said reduced offtake by stockists on the back of easing demand from retailers against adequate stocks position, mainly weighed on groundnut oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 8,400 per quintal.

Groundnut solvent refined followed suit and shed Rs 50 to Rs 1,500-1,600 per tin.

Following are today's quotations (in Rs per quintal): Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,400, Groundnut Solvent Refined (per tin) Rs 1,500-1,600, Mustard expeller (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 7,800, Soybean Refined Mill Delivery (Indore) Rs 6,700, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,350, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 8,950-9,050, Neem Rs 5,350-5,450.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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