Mustard, palmolein oils strengthen on rising demand

Prices of mustard and palmolein oils strengthened by Rs 50 per quintal at the wholesale oils and oilseeds market today on the back of pick up in buying activity, driven by rising demand.
Among non edible, castor edged up on industrial demand.
Marketmen said selective buying by retailers amid restricted supplies from producing regions, mainly kept mustard and palmolein oil prices higher.
In the national capital, mustard expeller (Dadri) oils advanced by Rs 50 to Rs 8,050 per quintal. Mustard pakki and kachi ghani oils edged up by Rs 50 each to Rs 1,395-1,445 and Rs 1,435-1,535 per tin, respectively.

Palmolein (RBD) and palmolein (Kandla) oils also traded higher by Rs 50 each to Rs 5,700 and Rs 5,630 per quintal, respectively.
Groundnut solvent refined too edged up by Rs 30 to Rs 1,700-1,750 per tin.

In the non-edible section, castor oil went up by Rs 10 to Rs 9,900-10,000 per quintal on increased industrial offtake.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed Rs 2,950-3,050 and groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,050, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,050, Mustard Pakki Ghani (per tin) Rs 1,395-1,445, Mustard Kachi Ghani (per tin) Rs 1,435-1,535, Sesame Mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,640, Soyabean Degum (Kandla) Rs 6,340, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) Rs 5,630 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,650, Castor Rs 9,900-10,000, Neem Rs 5,350-5,450.