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Soyabean oil, crude palm oils up on rising demand

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Press Trust of India New Delhi
Last Updated : Jul 03 2017 | 2:28 PM IST
Prices of soyabean and crude palm oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on pick up in demand from vanaspati millers and retailers.
Castor oil, in the non-edible section, also traded higher on increased offtake by consuming industries.
Traders said rising demand from vanaspati millers and retailers mainly led to the rise in soyabean and crude palm oil prices.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 50 each to Rs 6,550 and Rs 6,150 per quintal, respectively.
Crude palm oil (ex-kandla) also edged up by Rs 50 to Rs 4,750 per quintal.
In the non-edible section, castor oil too finished higher by Rs 50 to Rs 9,000-9,100 per quintal.

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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 9,400, Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,250-1,295, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,550, Soybean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,750, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,050-2,100.
Non-edible oils: Linseed Rs 9,000, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.

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First Published: Jul 03 2017 | 2:28 PM IST

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