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Groundnut, palmolein oils up on retailers demand

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Press Trust of India New Delhi
Prices of groundnut and palmolein oils rose by up to Rs 200 per quintal at the wholesale oils and oilseeds market today following pick up in demand from retailers amid restricted supplies from producing belts.

However, non-edible oils moved in a narrow range in limited deals and pegged at last levels.

Traders said besides uptick in demand from retailers, restricted supplies from producing regions mainly pushed up groundnut and palmolein oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 200 to Rs 13,600 per quintal.

Palmolein (rbd) and palmolein (Kandla) oils were up by Rs 50 each to Rs 5,950 and Rs 6,000, while crude palm oil (ex-kandla) traded higher by a similar margin to Rs 4,500 per quintal respectively.
 

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

Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 13,600, Groundnut Solvent Refined (per tin) Rs 1,970-2,020, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,405-1,4550, Mustard Kachi Ghani (per tin) Rs 1,455-1,555, Sesame Mill delivery Rs 7,800, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,500, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,950, Palmolein (Kandla) Rs 6,000 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.

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First Published: Aug 09 2016 | 2:07 PM IST

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