Prices of palmolein and crude oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of buying by vanaspati millers and a firm trend overseas.
However, other edible and non-edible oils held steady.
Traders said fresh buying by vanaspati millers and retailers and a firm trend overseas mainly led to rise in palmolein and crude oil prices.
Globally, the benchmark palm oil contract for July
delivery jumped 1.6 per cent to 2,377 ringgit (USD 603.30)
a tonne, its biggest gain since April 17 on the Bursa Malaysia
Derivatives Exchange.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils were up by Rs 50 each to Rs 7,200 and Rs 7,250 per quintal, respectively.
Crude palm oil (ex-kandla) also enquired higher by a similar margin to Rs 5,450 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 8,400, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 7,650, Mustard Pakki Ghani (per tin) Rs 1,275-1,320, Mustard Kachi Ghani (per tin) Rs 1,325-1,425, Sesame Mill delivery Rs 9,000, Soybean Refined Mill Delivery (Indore) Rs 7,600, Soybean Degum (Kandla) Rs 7,200, Crude Palm Oil (Ex-Kandla) Rs 5,450, Cottonseed Mill Delivery (Haryana) Rs 6,900, Palmolein (RBD) Rs 7,200, Palmolein (Kandla) Rs 7,250 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 8,800, Castor Rs 7,000-7,100, Neem Rs 5,350-5,450.
Disclaimer: No Business Standard Journalist was involved in creation of this content
