Palmolein oil prices recover on fresh buying

Palmolein oil prices recovered by Rs 50 per quintal at the wholesale oils and oilseeds market today on fresh buying by vanaspati millers.

Castor oil, in the non-edible section, also moved up on increased offtake by consuming industries.

Traders said fresh enquiries from vanaspati millers and firm trend overseas mainly, led to rise in palmolein oil prices.

In the national capital,palmolein (RBD) and Palmolein (Kandla) oils were up by Rs 50 each to Rs 5,900 and Rs 5,950 per quintal respectively.

Among non-edible, castor oil also went up by Rs 50 to Rs 9,750-9,850 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 9,800,Groundnut Solvent Refined (per tin) Rs 1,800-1,900, Mustard expeller (Dadri) Rs 8,350, Mustard Pakki Ghani (per tin)

Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,400, Soybean Refined Mill Delivery (Indore) Rs 7,000, Soybean Degum (Kandla) Rs 6,700, Crude Palm Oil (Ex-Kandla) Rs 4,700, Cottonseed Mill Delivery (Haryana) Rs 6,700, Palmolein (RBD) Rs 5,900, Palmolein (Kandla) Rs 5,950 and Coconut (per tin) Rs 1,850-1,900.

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