Fresh buying by branded edible oil manufacturers pulled up groundnut oil prices by Rs 10 for 15-kg tin.
Moreover, lower arrival of groundnut also supported the price sentiment.
However, retail demand was below normal as price was too high.
Brands
A miller said, “Manufacturers of branded oils have entered the market and started to buy. With this sufficient groundnut is not available for crushing as this year crop size expected to be low.
Groundnut oil price may not gain much as demand in retail is very nominal.”
About 80-100 tonnes of groundnut oil were traded in Saurashtra’s mills and loose groundnut oil was traded up by Rs 5 to Rs 1,280-1,285 for 10 kg.
New tin for 15 kg rose by Rs 10 to Rs 2,150-2,155 while telia tin gained Rs 8 to Rs 1,963-1,964.
Arrivals
Groundnut arrivals stood at 20,000 bags in Rajkot, 16,000 bags in Gondal and 2,400 bags in Jamnagar.
HPS TJ37 80-90 count was offered at Rs 82,500-83,000 a tonne, G2 80-90 count at Rs 83,500-84,000 , TJ37 50-60 count at Rs 85,500-86,000 and bold 50-60 count at Rs 78,500.
Cotton oil steady
On the other hand, cotton oil ruled almost steady atRs 1,150-1,160 for 15 kg tin.
Cotton oil wash was down by Rs 5 to Rs 642-645 for 10 kg. About 250-300 tonnes of cotton oil was traded here.