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Groundnut oil ruled at a record high of Rs 1,615-1,620 for a 15-kg tin on shortage of raw material.
According to market sources, the demand for edible oil is low due to high prices. But the market continues to rule high as groundnut is not available for crushing.
At Rajkot, groundnut oil loose was traded at Rs 970-975 for 10 kg, while new tin price ruled at Rs 1,615-1,620 forr 15 kg. Telia tin 15-kg traded at Rs 1,494-1,495.
Similarly, cotton oil ruled high in line with groundnut oil prices. Washed cotton oil was quoted at Rs 632-635 for 10 kg. New tin price was Rs 1,090-1,100 for 15 kg and 15-litre was traded at Rs 1,020-1,025.
Groundnut bold was traded at Rs 640-798 for a maund of 20 kg in Rajkot and small groundnut oil price was quoted Rs 655-859 for a maund . In Junagadh, the price of the bold variety was Rs 582-860 and small was traded at Rs 625-766 for a maund.
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