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A 15-kg new tin of groundnut oil rose by Rs 20 to Rs 1,660-1,665 on Friday when markets opened after Janmashtami holidays. Cotton oil remain unchanged.
Loose groundnut oil increased by Rs 10 to Rs 980-985 for 10 kg. Small groundnut price traded at Rs 850-860 for 20 kg while bold groundnut was at Rs 820-830 for 20 kg. While 5,000-7,000 bags of groundnut of 40 kg each arrived in the market here, five to seven tankers of groundnut oil were traded.
Cotton oil was offered at Rs 1,105-1,115 for 15 kg while cotton oil (wash) was at Rs 637-640 for 10 kg. Fifteen to 20 tankers of cotton oil were traded.
Buyers have switched to cotton oil as groundnut oil remains costly, bringing down demand for the latter, a Rajkot-based retailer said.
Prices will remain high until the new arrivals begin as there is a shortage of nuts for crushing, millers said.
Groundnut oil has remained high for two months now as most of the groundnut crop has been used up for other products like peanut butter.
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