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Select edible oils rise on fresh buying support, global cues

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Press Trust of India New Delhi

Select edible oil prices rose by up to Rs 30 per quintal in the oils and oilseeds market today on fresh buying support from vanaspati millers for the ongoing festive season amid a firming global trend.

However, non-edible oils moved in tight range and settled around their previous levels.

Traders said fresh buying by vanaspati millers for the ongoing festive season amid a firming global trend led to the rise in select wholesale edible oil prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oil prices rose by Rs 30 each to Rs 6,500 and Rs 5,950, respectively, while crude palm oil (ex-Kandla) was trading higher by Rs 20 at Rs 5,220 per quintal.

 

Palmolein (rbd) and palmolein (Kandla) were also in demand and gained Rs 20 each to Rs 5,870 and Rs 5,570 per quintal, respectively.

The following are today's quotations in rupees:

Oilseeds: Mustard seed 2,525-2,655, groundnut seed 2,100-2,850
Vanaspati ghee (15-litre tin) 1,065-1,140

Edible oils: Groundnut mill delivery (Gujarat) 8,500, groundnut solvent refined (per tin) 1,450-1,460, mustard expeller (Dadri) 5,980, mustard pakki ghani (per tin) 760-915, mustard kachi ghani (per tin) 915-1,015

sunflower 6,300, sesame mill delivery 6,200, soybean refined mill delivery (Indore) 6,500, soyabean  degum (Kandla) 5,950, crude palm oil (ex-Kandla) 5,220

cotton seed mill delivery (Haryana) 5,520, palmolein (RBD) Rs 5,870, palmolein (Kandla) 5,570, rice bran (phy) 3,750 and coconut (per tin) 1,720-1,780

Non-edible oils: Linseed 4,500, mahuwa 4,000, castor 8,350-8,450, 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 cotton seed 1,075-1,175

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First Published: Aug 23 2011 | 3:38 PM IST

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