Mustard oil prices trade lower in thin trade

Mustard oil prices traded lower by Rs 50 per quintal in wholesale oils and oilseeds market today.

Written by Agencies | New Delhi | Published: September 14, 2012 3:17:12 pm

Mustard oil prices traded lower by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on subdued demand.

However,other edible and non-edible oils moved in a narrow range in scattered deals and settled around previous levels.

Activity remained extremely restricted after a rise in freight charges by 15 per cent across the country following the hike in diesel prices by the government yesterday.

“Prices of edible oils and other commodities are likely to go up in coming days as truck owners will pass on burden of hike in diesel to customers,” a wholesale oils trader in the national capital said.

Meanwhile,the All India Motor Transport Congress (AIMTC) said it has increased freight charges across the country by 15 per cent due to hike in diesel prices with immediate effect.

In the edible section,mustard expeller oil (Dadri) declined by Rs 50 to Rs 8,350 per quintal.

The following were today’s quotations per quintal: Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,100-1,250.

Edible oils: Groundnut Mill Delivery (Gujarat) 12,000,Groundnut Solvent Refined (per tin) 1,950-2,000,Mustard expeller (Dadri) 8,350,Mustard Pakki Ghani (per tin) 1,210-1,350,Mustard Kachi Ghani (per tin) 1,365-1,465,Sunflower 6,300,Sesame Mill Delivery 8,650,Soybean Refined Mill Delivery (Indore) 7,750,Soyabean Degum (Kandla) 7,350,Crude Palm Oil (Ex-Kandla) 7,450,Cottonseed Mill Delivery (Haryana) 7,200,Palmolein (RBD) Rs 7,850,Palmolein (Kandla) 7,400,Rice Bran (phy) 3,800 and Coconut(per tin) 1,400-1,450.

Non-edible oils: Linseed 5,750,Mahuwa 4,000,Castor 8,650-8,750,Neem 4,600-4,700,Rice Bran 3,280-3,380 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 800-850,Sesame 950-1,150,Mustard (New) 1,000-1,025,Mustard 1,200-1,210 and Cottonseed 1,075-1,175.

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