Select edible oil prices strengthened by up to Rs 30 per quintal in the wholesale oils and oilseeds market today mostly on the back of increased buying by vanaspati millers.
Traders said apart from increased demand from millers, firming trend in palm oil, which advanced to a three-week high in global markets, on signs that China may sustain a strong pace of economic growth this year.
Meanwhile, palm oil for the September-delivery climbed 1.9% to $1,044 a tonne on the Malaysia Derivatives Exchange, the highest price for a most-active contract since June 24.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils advanced by Rs 30 and Rs 20 to Rs 6,300 and Rs 5,860 per quintal, respectively.
Palmolein (rbd) and palmolein (kandla) oils also added another Rs 20 each to Rs 5,820 and Rs 5,520 per quintal, respectively.
Following were today's quotations:
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Oilseeds: mustard seed 2,525-2,655 and Groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140
Edible oils: Groundnut mill delivery (Gujarat) 8,380, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,670, Mustard Pakki ghani (per tin) 745-900, Mustard kachi ghani (per tin) 900-1,000
Sunflower 6,300, Sesame mill delivery 6,170, soybean Refined mill delivery (Indore) 6,300, Soyabean degum (Kandla) 5,860, Crude Palm Oil (Ex-kandla) 5,200, Cottonseed mill delivery (Haryana) 5,460
Palmolein (RBD) Rs 5,820 Palmolein (Kandla) 5,520, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,450-8,550, Neem 4,100-4,200, Rice bran 3,300-3,400 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