Prices of palmolein and soyabean oil rose upto Rs 20 per quintal in the wholesale oils and oilseeds market of the national capital today on steady inflow of buying by vanaspati millers amid firming global trend.
Sentiment remained better after palm oil advanced for a second day in Malaysia amid concern wet weather in the US may affect planting of soybeans, crushed to make a substitute.
Meanwhile, palm oil futures for September delivery rose 0.4 per cent to $720 a metric tonne on the Malaysia Derivatives Exchange.
Marketmen said besides firming trend in global markets, continued buying by vanaspati millers also led to a rise in palmolein and soyabeans oil prices.
In the edible section, soyabean refined mill delivery (Indore) strengthened further by Rs 20 to Rs 4,520, while palmolein (rbd) gained Rs 10 Rs 4,210 per quintal on firming global trend.
Coconut oil also traded higher by Rs 10 to Rs 1,030-1,060 per tin of 15 litres.
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) 7,600, groundnut Solvent refined (per tin) 1,270-1,280, Mustard Expeller (Dadri) 4,920, Mustard Pakki ghani (per tin) 685-840, Mustard kachi ghani (per tin) 840-940, Sunflower 6,300, Sesame mill delivery 5,850
Soybean Refined mill delivery (Indore) 4,520 Soyabean degum (Delhi) 4,320, Crude Palm Oil (Ex-kandla) 3,650, Cottonseed mill delivery (Haryana) 4,200, Palmolein (RBD) 4,210, Rice bran (phy) 3,750 and Coconut (per tin) 1,030-1,060
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
