Crude palm oil, palmolein rise on global cues
Crude palm oil and palmolein oils strengthened by Rs 30 per quintal in the wholesale oils and oilseeds market today on sustained buying by millers amid a firming global trend.
Trading sentiments remained better as palm oil rose in Malaysia on improved prospects for demand, and as crude oil gained on signs of increasing fuel use in the US, the biggest consumer.
Meanwhile, palm oil futures for the July-delivery contract gained 0.3% to $1,105 a metric tonne on the Malaysia Derivatives Exchange.
In the national capital, crude palm oil (ex-kandla) gained Rs 20 to Rs 5,120, while palmolein (rbd) and palmolein (kandla) oils traded higher by Rs 30 each to Rs 5,750 and Rs 5,450 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) 1,350-1,360, Mustard Expeller (Dadri) 5,400, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015
Sunflower 6,300, Sesame mill delivery 6,200, soybean Refined mill delivery (Indore) 6,120, Soyabean degum (Kandla) 5,820, Crude Palm Oil (Ex-kandla) 5,120, Cottonseed mill delivery (Haryana) 5,500
Palmolein (RBD) Rs 5,750 Palmolein (Kandla) 5,450, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,550-8,650, Neem 4,050-4,150, 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