Edible oils remain up on sustained buying, global cues

Edible oil prices firmed up to Rs 200 per quintal in the wholesale oils and oilseeds market today on brisk buying by vanaspati millers for the marriage season and reports of a rising trend in global markets.   

The trading sentiment in edible oils remained firm after palm oil climbed in global markets, tracking gains in soybeans after a US government report showed that muddy fields delayed sowing of the oilseed that's crushed to produce a substitute cooking oil. 

Meanwhile, palm oil for September delivery advanced by 1% to $1,061 per metric tonne on the Malaysia Derivatives Exchange.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose further by Rs 50 each to Rs 6,300 and Rs 5,900, respectively, while crude palm oil (ex-Kandla) was trading higher by the same margin at Rs 5,250 per quintal. 

Palmolein (rbd) and palmolein (Kandla) oils strengthened by Rs 30 each to Rs 5,750 and Rs 5,450 per quintal, respectively.

Mustard expeller oil (Dadri) also moved up by Rs 20 to Rs 5,750 and groundnut mill delivery oil (Gujarat) shot up by Rs 200 to Rs 8,200 per quintal.

Oilseeds: Mustard Seed 2,525-2,655 and Groundnut Seed 2,100-2,850
Vanaspati Ghee (15-litre tin) 1,065-1,140

Edible oils: Groundnut Mill Delivery (Gujarat) 8,200, Groundnut Solvent Refined (per tin) 1,400-1,410, Mustard Expeller (Dadri) 5,750, Mustard Pakki Ghani (per tin) 755-910, Mustard Kachi Ghani (per tin) 910-1,010

Sunflower 6,300, Sesame Mill Delivery 6,200, Soybean Refined Mill Delivery (Indore) 6,300, Soyabean Degum (Kandla) 5,900, Crude Palm Oil (Ex-Kandla) 5,250, 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 4,500, 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