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Palmolein oil up on scattered retailers demand

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Press Trust of India New Delhi
Barring a rise in palmolein oil prices on scattered retailers demand, other edible oils generally held steady at the wholsale oils and oilseeds market today in the absence of worthwhile activity.

Castor and linseed oils, in the non-edible segment, also firmed up on the back of increased offtake by consuming industries.

Traders attributed the rise in palmolein oil prices to mild demand from retailers.

They said increased offtake by consuming industries helped castor and linseed oil prices to rise.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils were up by Rs 50 each to Rs 5,200 and Rs 5,150 per quintal respectively.
 

In the non-edible section, castor oil recovered by Rs 50 to Rs 9,400-9,500 per quintal.

Linseed oil also went up by a similar margin to Rs 9,050 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 9,150, Groundnut Solvent Refined (per tin) Rs 1,725-1,825, Mustard expeller (Dadri) Rs 8,400, Mustard Pakki Ghani (per tin) Rs 1,350-1,400, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 6,850, Soyabean Refined Mill Delivery (Indore) Rs 6,300, Soyabean Degum (Kandla) Rs 6,000, Crude Palm Oil (Ex-Kandla) Rs 4,050, Cotton seed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,200, Palmolein (Kandla) Rs 5,150 and Coconut (per tin) Rs 1,850-1,900.

Non-edible oils: Linseed Rs 9,050, Castor Rs 9,400-9,500, Neem Rs 5,350-5,450.

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First Published: Feb 03 2016 | 2:28 PM IST

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