Edible oils remain up on miller demand, global cues

There was no change in the pattern of trading in the wholesale oils and oilseeds market today with select edible oil prices rising up to Rs 50 per quintal.  

Market analysts said trading sentiments remained firm on the back of rising demand due to the ongoing marriage season in tandem with a firming trend in palm oil prices at the Malaysian market.

Meanwhile, palm oil gained for second consecutive day. The may-delivery contract advanced 2.2 per cent to 3,591 ringgit ($1,176) a metric tonne on the Malaysia Derivatives Exchange.  

In the national capital, crude palm oil (ex-kandla) gained Rs 50 to Rs 5,410 per quintal. 

Palmolein (rbd) and palmolein (kandla) rose by Rs 30 each to Rs 5,950 and Rs 5,750 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) 7,400, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 6,000, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025

Sunflower 6,300, Sesame mill delivery 6,400, soybean Refined mill delivery (Indore) 6,260, Soyabean degum (Kandla) 5,900, Crude Palm Oil (Ex-kandla) 5,410, Cottonseed mill delivery (Haryana) 5,750

Palmolein (RBD)Rs 5,950 Palmolein (Kandla) 5,750, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,700-8,800, 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