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Select edible oils recover on global cues, millers demand

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Press Trust of India New Delhi

Select edible oils firmed in the wholesale oils and oilseeds market today on firming trend overseas and pick up in demand from vanaspati units.

On the other side, non-edible oils continued to trade in a tight range on some enquiries from consuming industries.

Marketmen said apart from firming trend in Malaysian palm oil, strong demand from local parties and millers, also supported the recovery in select edible oil prices.

Meanwhile, palm oil futures for December delivery advanced by 0.30 per cent to $866 a metric tonne on the Malaysia Derivatives Exchange on speculation of higher imports of palm oil by China and India, the biggest users.

 

In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (dadri) oil prices were up by Rs 20 each to Rs 8,970 and Rs 5,390 per quintal, respectively.

Palmolein (rbd) gained Rs 10 to close at Rs 4,930 per quintal and crude palm oil (ex-kandla) rose Rs 20 to Rs 4,210 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) 750-860

Edible oils: Groundnut mill delivery (Gujarat) 8,970, groundnut Solvent refined (per tin) 1,550-1,560, Mustard Expeller (Dadri) 5,390, Mustard Pakki ghani (per tin) 730-885, Mustard kachi ghani (per tin) 885-985

Sunflower 6,300, Sesame mill delivery 5,850, soybean Refined mill delivery (Indore) 4,980 Soyabean degum (Delhi) 4,700, Crude Palm Oil (Ex-kandla) 4,210, Cottonseed mill delivery (Haryana) 4,650, Palmolein (RBD) 4,930, Rice bran (phy) 3,750 and Coconut (per tin) 1,125-1,155

Non-edible oils: Linseed 4,100, Mahuwa 4,000, Castor 8,200-8,300, Neem 3,800-3,900, 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: Sep 22 2010 | 3:06 PM IST

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