Edible oil prices rose by up to Rs 50 per quintal in the wholesale oils and oilseeds market today on sustained buying by vanaspati millers, driven by a firming trend at Malaysia.
inseed oil also moved up on fresh enquiries from paint industries.
Sentiments in edible oils remained firm after palm oil gained in Malaysia and local demand from vanaspati mills picked up. Meanwhile, palm oil for the August-delivery contract climbed 0.7% to $1,138 per metric tonne on the Malaysia Derivatives Exchange.
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils added Rs 30 each to Rs 6,300 and Rs 5,930, respectively, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,380 per quintal.
Palmolein (rbd) and palmolein (Kandla) oils also remained in demand and advanced by Rs 50 each to to Rs 5,950 and Rs 5,650 per quintal, respectively.
In the non-edible section, linseed oil rose by Rs 50 to Rs 4,600 per quintal on increased offtake by paint manufacturing units.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140
Edible oils: Groundnut mill delivery (Gujarat) 8,050, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,750, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015
Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,300, Soyabean degum (Kandla) 5,930, Crude Palm Oil (Ex-kandla) 5,380, Cottonseed mill delivery (Haryana) 5,550
Palmolein (RBD) Rs 5,950 Palmolein (Kandla) 5,650, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,500-8,600, Neem 4,100-4,200, Rice bran 3,300-3,400 and palm fatty 3,225-3,300
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
