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Select edible oils up on uptick in demand

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Press Trust of India New Delhi
Select edible oil prices firmed up by up to Rs 200 per quintal at the wholesale oils and oilseeds market today on the back of pick-up in demand from vanaspati millers and retailers against restricted arrivals from producing belts.

However, non-edible oils moved in a narrow range in scattered deals from consuming industries and settled at last levels.

Traders said apart from rising demand from vanaspati millers and retailers, restricted supplies from producing regions mainly attributed the rise in select edible oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil advanced by Rs 200 to Rs 11,500 per quintal.
 

Palmolein (rbd) and Palmolein (Kandla) oils edged up by Rs 50 each to Rs 5,850 and Rs 5,900 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oil too finished higher by a similar margin to Rs 6,750 and Rs 6,450 per quintal, respectively.

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 11,500, Groundnut Solvent Refined (per tin) Rs 1,900-1,950, Mustard expeller (Dadri) Rs 8,050, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,600, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,350, Cottonseed Mill Delivery (Haryana) Rs 6,100, Palmolein (RBD) Rs 5,850, Palmolein (Kandla) Rs 5,900 and Coconut (per tin) Rs 1,550-1,600.

Non-edible oils: Linseed Rs 9,700, Castor Rs 9,500-9,600, Neem Rs 5,350-5,450.

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First Published: Jun 10 2016 | 2:48 PM IST

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