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Groundnut oil prices increased on Tuesday as demand from local brands and stockists improved on account of festival demand. On the other hand, cotton oil remained unchanged. Groundnut oil new tin for 15 kg increased by ₹10 to ₹1,365-1,370, while Jamnagar line teliya tin was up by ₹22 at ₹1,232-1,233 for 15 kg. Groundnut oil loose gained ₹15 at ₹790-795 for 10 kg. About 10-12 tankers were traded in Saurashtra’s mills.
A Rajkot-based edible oil trader said that owing to Diwali, demand is good. But unavailability of quality groundnuts has hampered supply. In the past one week, groundnut oil prices have increased by ₹50 for a 15-kg new tin in Gujarat.
Cotton oil wash traded at ₹600-603\10-kg and cotton oil new tin stood at ₹1,070-1,090\15 kg. About 25-30 tankers of cotton oil were traded.
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