Palmolein, soyabean oils up on millers buying

Palmolein and soyabean oils rose by Rs 50 per quintal at the wholesale oils and oilseeds market today following increased offtake by millers and retailers amid a firm global trend.
However, non-edible oils held steady on scattered deals.
Traders said increased buying by vanaspati millers and retailers and a firm global trend mainly led to the surge in the oil prices.
Meanwhile, palm oil advanced 1.5 per cent to 2,230 ringgit (USD 586) a metric tonne on the Bursa Malaysia Derivatives, the highest since July 7.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils were up by Rs 50 each to Rs 5,600 and Rs 5,500 per quintal respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and edged up by a similar margin to Rs 6,600 and Rs 6,300 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,850, Groundnut Solvent Refined (per tin) Rs 1,600-1,650, Mustard expeller (Dadri) Rs 7,500, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, sesame mill delivery Rs 7,950, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cottonseed Mill Delivery (Haryana) Rs 5,650, Palmolein (RBD) Rs 5,600, Palmolein (Kandla) Rs 5,500 and Coconut (per tin) Rs 2,225-2,250.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.