Palmolein oil up on uptick in demand

Palmolein oil prices firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market today on pick up in demand from retailers.
Castor oil in the non-edible section, also showed some strength on increased offtake by consuming industries.
Traders said pick up in demand from retailers mainly led to the rise in palmolein oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils were up by Rs 50 each to Rs 6,200 and Rs 6,250 per quintal, respectively.
In the non-edible section, castor oil also traded higher by a similar margin to Rs 9,800-9,900 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 10,200,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,550, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,300, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,800, Palmolein (RBD) Rs 6,200, Palmolein (Kandla) Rs 6,250 and Coconut (per tin) Rs 1,850-1,900.

Non-edible oils: Linseed Rs 9,850, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.