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Edible oil rises on increased millers purchase

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Press Trust of India New Delhi
Edible oil prices rose up to Rs 100 per quintal at the wholesale oils and oilseeds market today on increased buying by vanaspati millers and retailers.

However, castor oil moved up on increased demand from consuming industries.

Marketmen said increased buying by vanaspati millers and retailers to meet the rising demand amidst restricted arrivals from producing regions mainly led to the rise in select edible oil prices.

In the national capital, mustard expeller(Dadri) and cotton seed mill delivery (Haryana) oils rose by Rs 100 and Rs 50 to to Rs 6,850 and Rs 6,400 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 50 each to Rs 7,050 and Rs 6,750, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,300 per quintal, respectively.
 

Palmolein (rbd) and palmolein (Kandla) oils, also in demand, gained Rs 50 each at Rs 6,350 and Rs 6,150 per quintal, respectively.

In the non-edible section, castor oil went up by Rs 50 to Rs 9,550-9,650 per quintal.

Following are today's quotations (in Rupees per quintal):

Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.

Vanaspati Ghee (15-litre tin) 1,060-1,290.

Edible oils: Groundnut Mill Delivery (Gujarat) 7,500, Groundnut Solvent Refined (per tin) 1,275-1,350, Mustard expeller (Dadri) 6,850, Mustard Pakki Ghani (per tin) 1,200-1,250, Mustard Kachi Ghani (per tin) 1,250-1,350, sesame mill delivery 8,650, Soyabean Refined Mill Delivery (Indore) 7,050, Soyabean Degum (Kandla) 6,750, Crude Palm Oil (Ex-Kandla) 5,300, Cottonseed Mill Delivery (Haryana) 6,400, Palmolein (RBD) Rs 6,350, Palmolein (Kandla) 6,150 and Coconut (per tin) 2,600-2,680.

Non-edible oils: Linseed 7,750, Castor 9,550-9,650, Neem 5,300-5,400.

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First Published: Jul 01 2014 | 3:19 PM IST

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