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Mixed trend in edible oils in thin trade

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Press Trust of India New Delhi
Last Updated : Sep 10 2014 | 3:00 PM IST
In mixed pattern of trading, sesame and cottonseed oils rose up to Rs 100 per quintal at the wholesale oils and oilseeds market today on scattered buying by retailers, while palmolein and soyabean oils traded lower on weak global trend.
However, non-edible oils held steady on negligible enquiries from consuming industries.
Traders said mild buying support from retailers helped sesame and cottonseed oils prices to trade higher.
They said however, weak global trend kept pressure on palmolein oil prices.
Meanwhile, palm oil slumped 1.8 per cent to USD 624 a tonne on the Malaysia Derivatives Exchange.
In the national capital, sesame mill delivery and cottonseed mill delivery (Haryana) oils rose by Rs 100 and Rs 50 to Rs 8,200 and Rs 6,100 per quintal respectively.
On the other hand, palmolein (rbd) and palmolein (Kandla) oils declined by Rs 50 each to Rs 5,700 and Rs 5,500, while crude palm oil (ex-kandla) fell by Rs 100 to Rs 4,700 per quintal, respectively.

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Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,000-1,200.
Edible oils: Groundnut Mill Delivery (Gujarat) 7,200, Groundnut Solvent Refined (per tin) 1,300-1,350, Mustard expeller (Dadri) 7,200, Mustard Pakki Ghani (per tin) 1,225- 1,275, Mustard Kachi Ghani (per tin) 1,275-1,375, sesame mill delivery 8,200, Soyabean Refined Mill Delivery (Indore) 6,300, Soyabean Degum (Kandla) 6,000, Crude Palm Oil (Ex-Kandla) 4,700, Cottonseed Mill Delivery (Haryana) 6,100, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) 5,500 and Coconut (per tin) 2,700-2,775.
Non-edible oils: Linseed 7,850, Castor 9,600-9,700, Neem 5,350-5,450.

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First Published: Sep 10 2014 | 3:00 PM IST

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