Palmolein and soyabean oil prices rose by Rs 10 per quintal in an otherwise steady wholesale oils and oilseeds market today, on firming global trend.
Traders said fresh buying by vanaspati millers for the ongoing marriage season amid firming global trend, mainly led to rise in palmolein and soyabean oil prices.
Buying activity picked up as palm oil advanced in Malaysia on concerns that output of soybeans from Brazil may decline, spurring the demand for other vegetable oils amid low stockpiles.
Meanwhile, palm oil futures for delivery in May climbed 1.6 per cent to $1,203 a metric tonne on the Malaysian Derivative Exchange. In the national capital, palmolein (rbd) and palmolein (Kandla) rose by Rs 10 each to Rs 5,960 and Rs 5,760, respectively.
Soyabean refined mill delivery oil (Indore) and soyabean degum (Kandla) traded higher by the same margin to Rs 6,290 and Rs 5,910 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
Edible oils: Groundnut mill delivery (Gujarat) 7,400, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 6,000, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025
Sunflower 6,300, Sesame mill delivery 6,400, soybean Refined mill delivery (Indore) 6,290, Soyabean degum (Kandla) 5,910, Crude Palm Oil (Ex-kandla) 5,410, Cottonseed mill delivery (Haryana) 5,750
Palmolein (RBD)Rs 5,960, Palmolein (Kandla) 5,760, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560
Also Read
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,700-8,800, 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