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Palmolein, groundnut oils up on millers' buying

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Press Trust of India New Delhi
Last Updated : Apr 03 2018 | 2:55 PM IST

Prices of palmolein and groundnut oils rose by up to Rs 200 per quintal in the wholesale oils and oilseeds market today on fresh buying by vanaspati millers.

Castor oil in the non-edible section also edged up on increased offtake by consuming industries.

Traders said, fresh buying by vanaspati millers driven by pick-up in demand from retailers against restricted supplies from growing regions, mainly led to the rise in palmolein and groundnut oil prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils shot up by Rs 200 each to Rs 7,150 and Rs 7,200 per quintal, respectively.

Groundnut mill delivery (Gujarat) oil also went up by Rs 100 to Rs 8,500 per quintal.

Among non-edibles, castor oil too traded higher by Rs 10 to Rs 7,600-7,700 per quintal.

Following are today's quotations (in Rs per quintal):

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First Published: Apr 03 2018 | 2:55 PM IST

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