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Mustard, palmolein oils up on retailers demand

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Press Trust of India New Delhi
Prices of mustard and palmolein oil firmed up by Rs 50 at the wholesale oils and oilseeds market today due to pick up in demand from retailers.

Linseed oil, in the non-edible section, also moved up on rising demand from paint industries.

Traders said besides pick up in demand from retailers, restricted supplies from producing regions mainly led to the rise in mustard and palmolein oil prices.

In the national capital,mustard expeller (Dadri)oil rose by Rs 50 to Rs 8,200 per quintal. Palmolein (rbd)and palmolein (Kandla) oils also traded higher by a similar margin to Rs 5,950 and Rs 6,000 per quintal respectively.
 

Among non-edible, linseed oil too ended higher by Rs 50 to Rs 9,650 per quintal.

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 10,700, Groundnut Solvent Refined (per tin) Rs 1,900-1,950, Mustard expeller (Dadri) Rs 8,200, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,400, Soybean Refined Mill Delivery (Indore) Rs 6,850, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,300, Cotton seed Mill Delivery (Haryana) Rs 6,000, Palmolein (RBD) Rs 5,950, Palmolein (Kandla) Rs 6,000 and Coconut (per tin) Rs 1,600-1,650.

Non-edible oils: Linseed Rs 9,650, Castor Rs 9,600-9,700, Neem Rs 5,350-5,450.

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First Published: May 11 2016 | 2:32 PM IST

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