Palmolein, mustard oils rise on fresh demand

Prices of palmolein and mustard oils firmed up by Rs 100 per quintal at the wholesale oils and oilseeds market today following upsurge in demand from retailers coupled with restricted supplies from producing belts.
Linseed oil, in the non-edible section, also showed some strength on increased offtake by consuming industries.
Traders said besides pick-up in demand from retailers, restricted supplies from producing regions mainly pushed up palmolein and mustard oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils rose by Rs 100 each to Rs 6,250 and Rs 6,300 per quintal, respectively.
Mustard expeller (Dadri) oil also went up by Rs 100 to Rs 8,800 per quintal.

Among non-edible oils, linseed found scattered buying support from consuming industries and edged up by Rs 50 to Rs 9,700 per quintal.

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 800-1,000.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 13,000, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,800, Mustard Pakki Ghani (per tin) Rs 1,400-1,445, Mustard Kachi Ghani (per tin) Rs 1,450-1,550, Sesame Mill delivery Rs 7,900, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,550, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 6,250, Palmolein (Kandla) Rs 6,300 and Coconut (per tin) Rs 1,700-1,750.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.