Prices of mustard and sesame oils declined by Rs 50 per quintal in the wholesale oils and oilseeds market on Saturday due to sluggish demand at higher levels.

Neem oil in the non-edible section also eased on reduced industrial offtake.

Traders said subdued demand against adequate stocks position mainly led to a fall in mustard and sesame oil prices.

They said reduced offtake by industrial units led to a decline in neem oil prices.

In the edible section, mustard expeller (Dadri) and sesame mill delivery oils declined by Rs 50 each to Rs 8,600 and Rs 8,750 per quintal, respectively.

In the non-edible section, neem oil also eased by Rs 50 to Rs 4,600-4,700 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) 12,050, Groundnut Solvent Refined (per tin) 1,950-2,000, Mustard expeller (Dadri) 8,600, Mustard Pakki Ghani (per tin) 1,210-1,350, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 8,750, Soybean Refined Mill Delivery (Indore) 8,050, Soyabean Degum (Kandla) 7,650, Crude Palm Oil (Ex-Kandla) 7,600, Cottonseed Mill Delivery (Haryana) 7,200, Palmolein (RBD) Rs 8,250, Palmolein (Kandla) 7,800, Rice Bran (phy) 3,800 and Coconut(per tin) 1,400-1,450.

Non-edible oils: Linseed 5,800, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,600-4,700, 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.

(This article was published on September 1, 2012)
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