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Select edible oils strengthen on global cues

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Press Trust of India New Delhi

Select edible oil prices strengthened by up to Rs 30 per quintal on sustained buying by vanaspati millers amid a firming trend in overseas markets.  

Traders said sustained buying by vanaspati millers amid a firming global trend mainly led to rise in select wholesale edible oil prices.

Meanwhile, palm oil for the September delivery climbed 0.6% to $1,012 per tonne on the Malaysia Derivatives Exchange.   

In the national capital, palmolein (rbd) and palmolein (kandla) oils were up by Rs 30 each to Rs 5,700 and Rs 5,400 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils remained in demand and advanced by Rs 30 each to Rs 6,150 and Rs 5,750, respectively, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,150 per quintal.

 

Following are today's quotations 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) 8,200, groundnut Solvent refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 5,680, Mustard Pakki ghani (per tin) 755-910, Mustard kachi ghani (per tin) 910-1,010

Sunflower 6,300, Sesame mill delivery 6,150, soybean Refined mill delivery (Indore) 6,150, Soyabean  degum (Kandla) 5,750, Crude Palm Oil (Ex-kandla) 5,150, Cottonseed mill delivery (Haryana) 5,440

Palmolein (RBD) Rs 5,700 Palmolein (Kandla) 5,400, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760

Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,450-8,550, 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 Cottonseed 1,075-1,175

 

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First Published: Jul 07 2011 | 4:07 PM IST

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