| Palmolein rises on global trend | |
| Press Trust of India / New Delhi Jul 29, 2010, 17:18 | | | | | |
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Palmolein prices rose by Rs 20 per quintal in the wholesale oils and oilseeds market of the national capital today in tandem with a firming global trend.
Elsewhere, other edible as well as non-edible oils continued to trade in a tight range in the absence of worthwhile activity and closed around previous closing.
Traders said apart from firming trend overseas, fresh buying by vanaspati millers in view of festive season also influenced palmolein prices.
Meanwhile, palm oil futures for October-delivery jumped 1.4 per cent to $791 a metric tonne on the Malaysia Derivatives Exchange, the biggest intra-day gain since July 22.
In the edible section, palmolein (rbd) rose by Rs 20 to Rs 4,510 per quintal.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 720-830
Edible oils: Groundnut mill delivery (Gujarat) 8,350, groundnut Solvent refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 5,300, Mustard Pakki ghani (per tin) 705-860, Mustard kachi ghani (per tin) 860-960, Sunflower 6,300
Sesame mill delivery 5,870, soybean Refined mill delivery (Indore) 4,800 Soyabean degum (Delhi) 4,570, Crude Palm Oil (Ex-kandla) 3,850, Cottonseed mill delivery (Haryana) 4,500, Palmolein (RBD) 4,510, Rice bran (phy) 3,750 and Coconut (per tin) 1,070-1,100
Non-edible oils: Linseed 4,100, Mahuwa 4,000, Castor 7,600-7,700, Neem 3,700-3,800, Rice bran 3,300-3,400 and palm fatty 3,225-3,300
Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175
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