By admin       2016-07-27

On the back of weak demand from local brands and stockists, groundnut oil and cottonseed oil traded unchanged. Retail demand was almost nil because of high prices of the edible oils. Traders said that looking at the current trend, groundnut oil prices may decline this week. But, on the other hand, it may not move down much as mills have scarcity of raw material for crushing. Groundnut oil loose traded at Rs1,385-1,390 per 10 kg, Jamnagar line teliya tin at Rs2,125-2,126 per 15 kg and groundnut oil new tin quoted Rs2,100-2,125 per 15 litre. Washed cotton oil traded at Rs680-681 per 10 kg and cotton oil new tin stood at Rs1,170-1,190 per 15 kg

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