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Groundnut oil remained unchanged at the lower level as demand was reported almost nil. Cotton oil also traded flat on Tuesday.
Groundnut oil for 15 kg was traded on Rs 1,985-1,990 while groundnut oil teliya tin stood at Rs 1,693-1,694 and loose groundnut oil was quoted at Rs 1,100-1,105 for 10 kg.
The price decreased more than Rs 110 for a tin in the past 10 days.
Cotton oil wash price remained steady on Rs 600-603 for 10 kg and cotton oil new tin price stood at 1,065-1,075 for 15 kg.
About 15-20 tankers traded in cotton oil from Saurashtra mills.
HPS Saurashtra origin bold 50-60 count offered at Rs 76,000-76,500 a tonne and Rajasthan origin 50-60 count at 72,500-73,000 (ex mill).
Tamil Nadu origin 80-90 count HPS offered at Rs 67,000 (Chennai and Mumbai port delivery).
“Price of groundnut oil is decreasing since last one week and it may decline further as demand is very weak. Most of people have now shifted to other edible oils such as cotton seed oil, palm oil and soya oil as these edible oils are cheaper than groundnut oil,” said a source from Gondal Oil Mills Association.
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