Cottonseed, mustard oil up on millers' buying support

Prices of cottonseed and mustard oils rose up to Rs 100 per quintal on the wholesale oils and oilseed market today on increased buying by millers, amid a firming global trend.  

Traders said sustained buying by vanaspati millers and a firming global trend mainly led to rise in cottonseed and mustard oil prices.

Meanwhile, palm oil for August delivery increased by 0.9% to $1,111 per tonne on the Malaysia Derivatives Exchange, the highest level since April 11.

In the national capital, cottonseed mill delivery (Haryana) and mustard expeller oil (Dadri) oils shot up by Rs 100 and Rs 30 to Rs 5,700 and 5,550 per quintal, respectively. 

Following are today's quotations in Rs per quintal: 

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 1,065-1,140

Edible oils: Groundnut mill delivery (Gujarat) 8,000, groundnut Solvent refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 5,700, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015

Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,250, Soyabean degum (Kandla) 5,900, Crude Palm Oil (Ex-kandla) 5,350, Cottonseed mill delivery (Haryana) 5,550

Palmolein (RBD) Rs 5,920 Palmolein (Kandla) 5,620, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,500-8,600, Neem 4,100-4,200, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut dehusk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175