Prices of palmolein and soyabean oil firmed up by up to Rs 100 per quintal at the wholesale oils and oilseeds market today on increased buying by vanaspati millers amid a firm trend overseas.
Castor oil in the non-edible section, also finished higher on pick up in demand from consuming industries.
Marketmen said increased buying by vanaspati millers and a firm trend overseas, mainly led to rise in palmolein and soyabean oil prices.
Globally, the benchmark palm oil contract for April delivery rose 1.1 per cent to 2,521 ringgit (USD 644.59) a tonne on the Bursa Malaysia Derivatives Exchange.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils rose by Rs 50 each to Rs 6,200 and Rs 6,250, while crude palm oil (ex-kandla) traded higher by Rs 100 to Rs 5,200 per quintal respectively.
Soyabean refined mill deliery (Indore) and soyabean degum (Kandla) oils also went up by Rs 100 each to Rs 7,600 and Rs 7,200 per quintal respectively.
In the non-edible section, castor oil moved up by Rs 100 to Rs 8,000-8,100 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 9,200, Groundnut Solvent Refined (per tin) Rs 1,675-1,775, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,700, Soybean Refined Mill Delivery (Indore) Rs 7,600, Soybean Degum (Kandla) Rs 7,200, Crude Palm Oil (Ex-Kandla) Rs 5,200, Cottonseed Mill Delivery (Haryana) Rs 6,800, Palmolein (RBD) Rs 6,200, Palmolein (Kandla) Rs 6,250 and Coconut (per tin) Rs 3,000-3,050.
Non-edible oils: Linseed Rs 9,000, Castor Rs 8,000-8,100, Neem Rs 5,350-5,450.
Disclaimer: No Business Standard Journalist was involved in creation of this content
