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Palmolein, crude palm oil up on global cues

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Press Trust of India New Delhi

Palmolein and crude palm oil prices rose by Rs 20 per quintal in the wholesale oils and oilseeds market today on fresh buying by vanaspati millers amid firming global trend.

Elsewhere, other edible and non-edible oils continued to trade in a tight range in the absence of worthwhile activity.

Trading sentiment turned better after palm oil advanced for the fifth day in Malaysia after shipments gained more than estimated in June, led by China, and India indicated imports may rise in the coming months to meet the festival demand.

Meanwhile, palm oil futures for delivery in September increased by 0.9 per cent to $743 a metric tonne on the Malaysia Derivatives Exchange.

 

In the edible section, palmolein (rbd) and crude palm oil (ex-kandla) oils rose by Rs 20 each to Rs 4,270 and Rs 3,720 per quintal.

Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 720-830

Edible oils: Groundnut mill delivery (Gujarat) 7,800, groundnut Solvent refined (per tin) 1,320-1,330, Mustard Expeller (Dadri) 5,100, Mustard Pakki ghani (per tin) 700-855

Mustard kachi ghani (per tin) 855-955, Sunflower 6,300, Sesame mill delivery 5,850, Soybean Refined mill delivery (Indore) 4,540 Soyabean degum (Delhi) 4,350

Crude Palm Oil (Ex-kandla) 3,720, Cottonseed mill delivery (Haryana) 4,270, Palmolein (RBD) 4,270, Rice bran (phy) 3,750 and Coconut (per tin) 1030-1060

Non-edible oils: Linseed 3,950, Mahuwa 4,000, Castor 7,300-7,400, Neem 3,700-3,800, 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) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175

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First Published: Jul 14 2010 | 5:15 PM IST

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