As demand started to reduced due to high price last week, groundnut oil was declined Rs 15 per tin on Tuesday. While cotton oil was remained stabled.
Groundnut oil loose was decreased Rs 10 to Rs 1,205-1,210 per 10 kg and groundnut oil new tin was declined Rs 15 to Rs 2,060-2,065 per 15 kg. Teliya tin was traded lower by Rs 14 to Rs 1,850-1,851 a 15 kg. About 100-120 tonnes groundnut oil was traded in Saurashtra mills.
With this groundnut price also declined due to lower domestic and export demand. Groundnut bold price was stood at Rs 865-1,031 per 20 kg in Rajkot. Around 20,000-22,000 bags groundnut arrived in Saurashtra and Gujarat.
Groundnut oil miller said, “last week price was gained due to irregular monsoon but at the end of the week some good rain in production areas save the groundnut crop. Moreover demand declined as price gone up. Price may decline further in this week due to less buying activity.”
With sustainable demand cotton oil was remained unchanged on Rs 1185-1195 per 15 kg tin. Cotton oil wash was traded on Rs 705-710 per 10 kg. About 150-200 tonnes cotton oil was traded from mills.
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