Palmolein and crude palm oil prices rose by Rs 20 per quintal in the wholesale oils and oilseeds market today on scattered buying by vanaspati millers amid a firming global trend.
Elsewhere, other edible and non-edible oils continued to trade in a tight range on alternate bouts of trading and settled around previous levels.
Sentiments improved as palm oil futures advanced in global markets on speculation that unrest in the Middle East may prompt governments to increase use of biofuels to help shield their countries from potential disruptions of crude-oil supplies.
Meanwhile, palm oil futures for delivery in June climbed 1.4 per cent to $1,092 a metric tonne on the Malaysia Derivatives Exchange.
Traders said scattered buying by vanaspati millers amid a firming global trend mainly pushed up palmolein and crude palm oil prices. In the national capital, palmolein (rbd) and palmolein (kandla) oils rose by Rs 20 each to Rs 5,630 and Rs 5,330, respectively.
Similarly, crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,070 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) 1,065-1,140
Edible oils: Groundnut mill delivery (Gujarat) 7,650, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 5,500, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015, Sunflower 6,300, Sesame mill delivery 6,230
soybean Refined mill delivery (Indore) 5,740, Soyabean degum (Kandla) 5,700, Crude Palm Oil (Ex-kandla) 5,070, Cottonseed mill delivery (Haryana) 5,500, Palmolein (RBD)Rs 5,630 Palmolein (Kandla) 5,330, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,650-8,750, Neem 4,000-4,100, 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
