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Palmolein, cottonseed oils up on millers' buying

Press Trust of India  |  New Delhi 

Prices of palmolein and cottonseed oils went up by Rs 50 per quintal at the wholesale oils and oilseeds market today on persistent buying by vanaspati millers.

Castor and linseed oils in the non-edible section, also enquired higher due to increased offtake by consuming industries.


Traders said, increased buying by vanaspati millers due to rising demand from retailers amid restricted supplies from producing belts mainly led to the rise in palmolein and cottonseed prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils also advanced by Rs 50 each to Rs 6,050 and Rs 6,100 per quintal, respectively. Cottonseed mill delivery (Haryana) also traded higher by a similar margin to Rs 6,450 per quintal.

In the non-edible section, castor and linseed oils too traded higher by Rs 50 each to Rs 9,300-9,400 and Rs 8,800 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 8,100, Groundnut Solvent Refined (per tin) Rs 1,450-1,550, 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 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,900, Soybean Degum (Kandla) Rs 6,500, Crude Palm (Ex-Kandla) Rs 4,800, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,050, Palmolein (Kandla) Rs 6,100 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,300-9,400, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 15 2017. 14:28 IST
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