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Select oil rises on firm global cues

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Press Trust of India New Delhi

Select edible oil prices rose by Rs 20 per quintal in the wholesale oils and oilseed market today on buying by vanaspati units amid firming global trend.

Elsewhere, edible and non-edible oil prices moved in a tight range on alternate bouts of trading and settled around previous levels.

Trading sentiment turned better after reports of palm oil climbed to the highest level in more than four months in Malaysia.

Marketmen said fresh buying by vanaspati millers and reports of firming global trend mainly led to a rise in palmolein and crude palm oil prices.

In the edible section, soyabean refined mill delivery (Indore) and soyabean degum (Delhi) gained Rs 20 each to Rs 4,880 and Rs 4,620, while crude palm oil (ex-kandla) and palmolein (rbd) traded higher by the same margin at Rs 3,970 and Rs 4,670 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) 8,500, groundnut Solvent refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 5,300, Mustard Pakki ghani (per tin) 705-860, Mustard kachi ghani (per tin) 860-960

Sunflower 6,300, Sesame mill delivery 5,900, soybean Refined mill delivery (Indore) 4,880 Soyabean degum (Delhi) 4,620, Crude Palm Oil (Ex-kandla) 3,970

Cottonseed mill delivery (Haryana) 4,500, Palmolein (RBD) 4,670, Rice bran (phy) 3,750 and Coconut (per tin) 1,050-1,080

Non-edible oils:
Linseed 4,100, Mahuwa 4,000, Castor 7,650-7,750, Neem 3,750-3,850, 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: Aug 04 2010 | 3:01 PM IST

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