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Palmolein oil up on global cues

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Press Trust of India New Delhi

Edible oil prices gained Rs 10 per quintal in an otherwise steady wholesale oils and oilseeds market today, on scattered buying by vanaspati millers amid a firming trend overseas.

Traders said fresh buying by vanaspati millers for the ongoing marriage season amid a firming trend in the overseas market, mainly led to the rise in palmolein oil prices.

Meanwhile, palm oil futures for delivery in May gained 0.7% to $1,129 a metric tonne on the Malaysian Derivatives Exchange.

In the national capital, palmolein (rbd) and palmolein (kandla) oils gained Rs 10 each to Rs 5,810 and Rs 5,560 per quintal, respectively.

 

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 litre tin) 1,065-1,140.

Edible oils: Groundnut mill delivery (Gujarat) 7,400, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 5,850, Mustard Pakki ghani (per tin) 765-920, Mustard kachi ghani (per tin) 920-1,020, Sunflower 6,300, Sesame mill delivery 6,400, soybean Refined mill delivery (Indore) 6,100, Soyabean degum (Kandla) 5,800, Crude Palm Oil (Ex-kandla) 5,250, Cottonseed mill delivery (Haryana) 5,650, Palmolein (RBD)Rs 5,810 Palmolein (Kandla) 5,560, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560.

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,650-8,750, Neem 4,050-4,150, 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.

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First Published: Mar 11 2011 | 3:04 PM IST

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