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On the back of lower demand groundnut and cotton oil was unchanged here in Rajkot, Gujarat. According to market sources demand of the edible oils are below normal level and supply is enough so that price will not go up.
At Rajkot groundnut oil was traded on Rs.1360-1365 per 15 kg new tin, price of 15 liter new tin was Rs.1255-1260 and loose groundnut oil for 10 kg price was Rs.795-800. About 100-150 tones traded in groundnut oil.
Similar trend was seen in cotton oil. Price of 15 kg tin of cotton oil was Rs.980-990 and 15 liter cotton oil tin was traded on Rs. 915-920. Cotton wash oil traded at Rs.562-565 per 10 kg. Around 350-400 tones traded in cotton oil.
Price of small groundnut was Rs.561-631 and bold groundnut was Rs.575-687 per 20 kg. in Saurashtra region approximately 25000 bags of 50 kg groundnut were arrived.
Rajkot based edible oil retailer said, “Retailer demand in groundnut oil and cotton oil is weak. People are waiting for more down fall in the price.”
Millers said, “At present stockiest and brands are buying as per they require. So that for some days or for this month price will not increase. Price of edible oil may come down.”
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