Edible oils remain up on millers buying

Select edible oil prices rose by Rs 50 per quintal on continued buying by vanaspati millers to meet the rising seasonal demand. Trading sentiment remained firm, as palm oil traded near the highest level in 26 months in Malaysia.

Palm oil futures for the December-delivery contract rose 0.9 per cent to USD 944 a metric tonne on the Malaysia Derivatives Exchange, the highest level since August 1, 2008.   

Pick up in local demand in view of ongoing festive and marriage season further boosted the sentiment, traders said.

In the national capital, mustard expeller oil (Dadri) remained in local demand and added Rs 20 to Rs 5,420 per quintal. Cottonseed mill delivery (Haryana) inched up by Rs 10 to Rs 4,580 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) oils strengthened further by Rs 50 and Rs 20 to Rs 5,250 and Rs 4,870, while crude palm oil (ex-kandla) and palmolein (rbd) gained Rs 10 and Rs 20 to Rs 4,290 and Rs 5,120 per quintal.

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) 815-910

Edible oils: Groundnut mill delivery (Gujarat) 8,600, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 5,420, Mustard Pakki ghani (per tin) 730-885, Mustard kachi ghani (per tin) 885-985

Sunflower 6,300, Sesame mill delivery 5,950, soybean Refined mill delivery (Indore) 5,250 Soyabean degum (Delhi) 4,870, Crude Palm Oil (Ex-kandla) 4,290, Cottonseed mill delivery (Haryana) 4,580, Palmolein (RBD) 5,120, Rice bran (phy) 3,750 and Coconut (per tin) 1,260-1,310

Non-edible oils: Linseed 4,200, Mahuwa 4,000, Castor 8,450-8,550, 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) 1,000---1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175