Select edible oil prices recovered by up to Rs 50 per quintal in the wholesale oils and oilseeds market today on emergence of buying by vanaspati millers to meet the ongoing festivals demand amid a firming global trend.
Trading sentiments turned better as palm oil gained in global markets after President Barack Obama said lawmakers have reached an agreement to raise US debt ceiling.
Meanwhile, palm oil futures for the October contract advanced by 0.8% to $1,060 a tonne on the Malaysia Derivatives Exchange. In the national capital, soyabean refined mill delivery (indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 6,500 and Rs 6,000, respectively.
Palmolein (rbd) and palmolein (kandla) oils traded higher by the same margin to Rs 5,930 and Rs 5,630 per quintal, respectively. Crude palm oil (ex-kandla) also moved up by Rs 40 to Rs 5,250 per quintal.
Following were today's quotations:
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) 8,500, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 6,000, Mustard Pakki ghani (per tin) 755-910, Mustard kachi ghani (per tin) 910-1,010
Sunflower 6,300, Sesame mill delivery 6,230, soybean Refined mill delivery (Indore) 6,500, Soyabean degum (Kandla) 6,000, Crude Palm Oil (Ex-kandla) 5,250, Cottonseed mill delivery (Haryana) 5,560
Palmolein (RBD) Rs 5,930 Palmolein (Kandla) 5,630, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760
Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,400-8,500, 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