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Palmolein up on global cues

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Press Trust of India New Delhi

In thin trading, palmolein oil prices moved up by Rs 10 per quintal in an otherwise steady wholesale oils and oilseeds market today on firming global trend.

IMarket analysts said scattered buying by vanaspati millers along with a firming trend in Malaysia mainly led to the rise in palmolein prices.

IMeanwhile, palm oil for August-delivery advanced by 0.4% to $1,115 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, palmolein (rbd) and palmolein (kandla) oils moved up by Rs 10 each to Rs 5,930 and Rs 5,640 per quintal, respectively.

Other edible and non-edible oils, however, remained flat on some support.

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) 8,050, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,750, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015, Sunflower 6,300, Sesame mill delivery 6,270, soybean Refined mill delivery (Indore) 6,330, Soyabean degum (Kandla) 5,930, Crude Palm Oil (Ex-kandla) 5,380, Cottonseed mill delivery (Haryana) 5,570, Palmolein (RBD) Rs 5,940 Palmolein (Kandla) 5,640, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660.

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,550-8,650, Neem 4,100-4,200, 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: Jun 02 2011 | 2:25 PM IST

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