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Edible oils up on fresh buying support, global cues

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Press Trust of India New Delhi

Select edible oil prices rose up to Rs 150 per quintal on the wholesale oils and oilseeds market today on fresh buying by vanaspati millers amid firming global trend.

Traders said increased buying by vanaspati millers for the marriage season amid firm trend in Malaysia mainly led to rise in select edible oil prices.

Meanwhile, palm oil futures advanced 1.1 per cent to %1,224 a tonne on the Malaysia Derivatives Exchange.

In the edible section, mustard expeller oil (Dadri) gained the most by rising Rs 150 to Rs 6,150 per quintal on pick up in local demand.

Soyabean degum (Kandla) rose by Rs 50 to Rs 6,050, while cottonseed mill delivery (Haryana) oil moved up by Rs 50 to Rs 5,700 per quintal.

Crude palm oil (ex-kandla) and palmolein (rbd)oils were up by Rs 20 each to Rs 5,550 and Rs 6,200 per quintal.

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) 925-960.

Edible oils: Groundnut mill delivery (Gujarat) 7,350, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 6,150, Mustard Pakki ghani (per tin) 780-935, Mustard kachi ghani (per tin) 935-1,035, Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,250, Soyabean degum (Kandla) 6,050, Crude Palm Oil (Ex-kandla) 5,550, Cottonseed mill delivery (Haryana) 5,700, Palmolein (RBD) 6,200, Rice bran (phy) 3,750 and Coconut (per tin) 1,400-1,460.

Non-edible oils: Linseed 4,500, Mahuwa 4,000, Castor 8,600-8,700, Neem 4,050-4,150, Rice bran 3,300-3,400 and palm fatty 3,225-3,300.

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.

 

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First Published: Dec 30 2010 | 3:43 PM IST

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