Palmolein, soyabean oil move up on millers buying

Prices of palmolein and soyabean oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on buying by vanaspati millers and retailers.
Linseed oil in the non-edible section also strengthened on increased demand from consuming industries.
Traders said fresh buying by vanaspati millers and retailers amid a firming global trend mainly led to rise in palmolein and soyabean oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils edged up by Rs 50 each to Rs 5,550 and Rs 5,500 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too up by a similar margin to Rs 6,750 and Rs 6,450 per quintal respectively.

In the non-edible section, linseed gained another Rs 50 to Rs 8,900 per quintal on the back of increased demand from paint industries.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnut Seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,000, Groundnut Solvent Refined (per tin) Rs 1,700-1,750, Mustard expeller (Dadri) Rs 8,200, Mustard Pakki Ghani (per tin) Rs 1,445-1,495, Mustard Kachi Ghani (per tin) Rs 1,485-1,585, Sesame Mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,750, Soyabean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,500 and Coconut (per tin) Rs 2,150-2,200.

Non-edible oils: Linseed Rs 8,900, Castor Rs 9,950-10,050, Neem Rs 5,350-5,450.