Palmolein and soyabean oils prices recovered by up to Rs 30 per quintal in the wholesale oils and oilseeds market today on fresh buying by vanaspati millers coupled with higher trend in Malaysia.
Buying activity in palmolein and soyabean oils picked up largely in tandem with a firming trend overseas after exports from Malaysia, the second-largest producer, grew on rising demand ahead of the Muslim fasting month.
Meanwhile, palm oil for the October-delivery gained 1.1% to $1,047 a tonne on the Malaysia Derivatives Exchange.
In the national capital, soyabean mill delivery (Indore) and soyabean degum (Kandla) oils recovered by Rs 30 each to Rs 6,250 and Rs 5,830 per quintal, respectively.
Palmolein (rbd) and palmolein (kandla) oils were in demand and gained Rs 20 each to Rs 5,800 and Rs 5,500 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) 5,720, Mustard Pakki ghani (per tin) 745-900, Mustard kachi ghani (per tin) 900-1,000
Sunflower 6,300, Sesame mill delivery 6,200, soybean Refined mill delivery (Indore) 6,250, Soyabean degum (Kandla) 5,830, Crude Palm Oil (Ex-kandla) 5,150
Cottonseed mill delivery (Haryana) 5,480, Palmolein (RBD) Rs 5,800 Palmolein (Kandla) 5,500, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760
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