Palmolein oil rose by Rs 30 per quintal in the wholesale oils and oilseeds market today on increased buying by vanaspati millers, driven by a firming trend in Malaysia.
Traders said increased buying by vanaspati millers coupled with higher advices from Malaysia led to the rise in palmolein oil prices.
Meanwhile, palm oil for July delivery increased 0.8% to $1,101 a metric tonne on the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (kandla) oils strengthened by Rs 30 each to Rs 5,800 and Rs 5,500 per quintal, respectively.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140
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Edible oils: Groundnut mill delivery (Gujarat) 8,000, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,350, Mustard Pakki ghani (per tin) 750-905
Mustard kachi ghani (per tin) 905-1,005, Sunflower 6,300, Sesame mill delivery 6,180, soybean Refined mill delivery (Indore) 6,130, Soyabean degum (Kandla) 5,780, Crude Palm Oil (Ex-kandla) 5,230
Cottonseed mill delivery (Haryana) 5,450, Palmolein (RBD) Rs 5,800 Palmolein (Kandla) 5,500, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660
Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,450-8,550, Neem 4,050-4,150, 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