Palmolein, soyabean oils rise on demand from retailers

Palmolein and soyabean oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market following pick-up in demand from vanaspati millers and retailers.
In the non-edible section, castor oil ended higher after finding fresh buying support from consuming industries.
Traders said pick-up in demand from vanaspati millers and retailers mainly led to the rise in palmolein and soyabean oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils moved up by Rs 50 each to Rs 5,550 and Rs 5,400 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded higher by a similar margin to Rs 6,650 and Rs 6,350 per quintal, respectively.

In the non-edible section, castor oil rose by Rs 50 to Rs 9,650-9,750 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 930-1,070.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,800, Groundnut Solvent Refined (per tin) Rs 1,500-1,550, Mustard expeller (Dadri) Rs 7,400, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,650, Soyabean Degum (Kandla) Rs 6,350, Crude Palm Oil (Ex-Kandla) Rs 4,100, Cottonseed Mill Delivery (Haryana) Rs 5,500, Palmolein (RBD) Rs 5,550, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,350-2,400.

Non-edible oils: Linseed Rs 8,350, Castor Rs 9,600-9,700, Neem Rs 5,350-5,450.