Select edible oils strengthen on global cues

Select edible oils maintained their upward march for the third straight day by adding up to Rs 20 per quintal on the wholesale oils and oilseeds market today on increased demand, amid a firm global trend.

Linseed oil in the non-edible section, also showed some strength on fresh enquiries from paint's industries.

Sentiment remained firm as palm oil climbed in Malaysia after concerns eased about an escalation in clashes between South and North Korea, boosting commodity prices.

Meanwhile,palm oil futures for the February-delivery contract jumped 2.3 per cent to $1,017 a tonne on the Malaysia Derivatives Exchange.

Besides, pick up in demand in view of marriage season also influenced the select wholesale edible oil prices, they said.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Delhi) oils remained in demand and added Rs 20 and Rs 10 to Rs 5,720 and Rs 5,060, while palmolein (rbd) and crude palm oil (ex-kandla)traded higher by Rs 20 and Rs 10 to Rs 4,900 and Rs 5,630 per quintal.

In the non-edible section, linseed oil also gained Rs 50 to Rs 4,350 per quintal.

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) 925-960

Edible oils: Groundnut mill delivery (Gujarat) 7,000, groundnut Solvent refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 5,600, Mustard Pakki ghani (per tin) 745-900, Mustard kachi ghani (per tin) 900-1,000

Sunflower 6,300, Sesame mill delivery 6,100, soybean Refined mill delivery (Indore) 5,720, Soyabean degum (Delhi) 5,060, Crude Palm Oil (Ex-kandla) 4,900, Cottonseed mill delivery (Haryana) 5,150, Palmolein (RBD) 5,630, Rice bran (phy) 3,750 and Coconut (per tin) 1,240-1,300

Non-edible oils: Linseed 4,350, Mahuwa 4,000, Castor 8,400-8,500, Neem 3,800-3,900, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175