Palmolein oil rises on retailers demand, global cues

Palmolein oil prices rose by Rs 50 per quintal on the wholesale oils and oilseeds market today on retailers demand amid a firm global trend.
However, other edible and non-edible oils remained steady in scattered deals.
Marketmen said some demand from retailers and a firm global trend as demand increases for the vegetable oil amid a drop in production in Indonesia mainly influenced the sentiment.
Meanwhile, palm oil for March delivery climbed 0.2 per cent to USD 802 a metric tonne on the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils rose by Rs 50 each to Rs 6,700 and Rs 6,300 per quintal respectively.

The following were today's quotations per quintal:

Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,160-1,290.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,150, Groundnut Solvent Refined (per tin) 2,000-2,050, Mustard expeller (Dadri) 7,500, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,600, Soybean Refined Mill Delivery (Indore) 7,550, Soyabean Degum (Kandla) 7,250, Crude Palm Oil (Ex-Kandla) 5,550, Cottonseed Mill Delivery (Haryana) 6,450, Palmolein (RBD) Rs 6,700, Palmolein (Kandla) 6,300, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.
Non-edible oils: Linseed 7,150, Mahuwa 4,000, Castor 9,400-9,500, Neem 5,300-5,400, Rice Bran 3,170-3,270 and Palm Fatty 3,225-3,300.

Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.