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Select edible oils rise on global cues

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Press Trust of India New Delhi

Select edible oils rose up to Rs 20 per quintal on the wholesale oils and oilseeds market today on fresh buying by millers amid firming global trend.

On the other hand, non-edible oils, remained stable in the absence of worthwhile activity.

Sentiment remained firm as palm oil advanced to the highest level since July, 2008 in Malaysia.
    
Traders said fresh buying by vanaspati millers to meet the ongoing festival and marriage season demand amid firming global trend, mainly led to a rise in  select wholesale edible oil prices.
    
Meanwhile, palm oil futures for January delivery climbed 2.5 per cent to $996 a metric tonne on the Malaysia Derivatives Exchange.
    
In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Delhi) rose by Rs 20 and Rs 10 to Rs 5320 and Rs 4960, while crude palm oil (ex-kandla) and palmolein (rbd) oils gained Rs 10 and Rs 20 to Rs 4,360 and Rs 5,220 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 litres tin) 815-910.
    
Edible oils: Groundnut mill delivery (Gujarat) 8,780, groundnut Solvent refined (per tin) 1,460-1,470, Mustard Expeller (Dadri) 5,420, Mustard Pakki ghani (per tin) 735-890, Mustard kachi ghani (per tin) 890-990, Sunflower 6,300, Sesame mill delivery 5,950, soybean Refined mill delivery (Indore) 5,320, Soyabean degum (Delhi) 4,960, Crude Palm Oil (Ex-kandla) 4,360, Cottonseed mill delivery (Haryana) 4,700, Palmolein (RBD) 5,220, Rice bran (phy) 3,750 and Coconut (per tin) 1,230-1,290.
    
Non-edible oils: Linseed 4,200, Mahuwa 4,000, Castor 8,500-8,600, Neem 3,720-3,820, 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) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.

 

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First Published: Oct 25 2010 | 3:33 PM IST

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