Palmolein oils up on seasonal demand, global cues

Palmolein oil prices moved up by Rs 50 per quintal on the wholesale oils and oilseeds market today on pick up in seasonal demand amid a firming global trend.
However, other edible and non-edible oils moved in a narrow range in limited deals and settled around previous levels.
Traders said increased seasonal demand amid a firming global trend where palm oil held near 17-month highs on speculation inventories in Malaysia may decline for a second month as output drops in the largest producer after Indonesia, mainly influenced palmolein oil prices.
Meanwhile, palm oil for May delivery traded at 835 dollar a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, palmolein (rbd) and palmolein (Kandla) oils added Rs 50 each to Rs 6,800 and Rs 6,450 per quintal, respectively.
The following are 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) 7,500, Groundnut Solvent Refined (per tin) 1,900-1,950, Mustard expeller (Dadri) 7,500, Mustard Pakki Ghani (per tin) 1,290-1,370, Mustard Kachi Ghani (per tin) 1,375-1,475, Sunflower 6,300, Sesame Mill Delivery 11,600, Soybean Refined Mill Delivery (Indore) 7,650, Soyabean Degum (Kandla) 7,400,Crude Palm Oil (Ex-Kandla) 5,500, Cottonseed Mill Delivery (Haryana) 6,300, Palmolein (RBD) Rs 6,800, Palmolein (Kandla) 6,450, Rice Bran (phy) 3,800 and Coconut (per tin) 1,700-1,750.

Non-edible oils: Linseed 7,550, Mahuwa 4,000, Castor 9,500-9,600, Neem 5,300-5,400, Rice Bran 3,150-3,250 and Palm Fatty 3,200-3,300.
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.