Soyabean oils up on retailers demand

Soyabean oil prices firmed up by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market today on mild demand from retailers.

Castor oil in the non-edible section, also showed some strength on increased offtake by consuming industries.

Traders said some demand from retailers helped soyabean oil prices to trade higher.

They said, however, volume of business remained restricted due to prevailing cash crunch in the market after government banned Rs 500 and Rs 1,000 currency notes to flush out black money.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were up by Rs 100 each to Rs 6,700 and Rs 6,400 per quintal respectively.
 

Among non-edible, castor oil also traded higher by Rs 50 to Rs 9,700-9,800 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 10,200,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500, Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,700, Soybean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana) Rs 6,650, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) Rs 5,750 and Coconut (per tin) Rs 1,750-1,800.

Non-edible oils: Linseed Rs 9,900, Castor Rs 9,700-9,800, Neem Rs 5,350-5,450.