Edible oils up on fresh buying, global cues

Select edible oil prices recovered up to Rs 30 per quintal on the wholesale oils and oilseeds market today on fresh buying by vanaspati millers and retailers, amid a firming global trend.

A few oils in the non-edible section, also traded higher on increased industrial offtake.

Trading sentiments turned better after palm oil advanced in global markets as crude oil traded near a 30-month high, lifting the appeal of vegetable oils for biofuel uses, and as its discount to rival soybean oil widened to an 18-month high.

Meanwhile, palm oil futures for the June-delivery contract gained 0.6% to $1,119 a tonne on the Malaysia Derivatives Exchange.

In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils gained Rs 30 each to Rs 5,550 each a quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils strengthened by Rs 20 each to Rs 5,770 and Rs 5,730, respectively, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,070 per quintal.

Palmolein (rbd) and palmolein (Kandla) oils moved up by Rs 20 each to Rs 5,670 and Rs 5,380 per quintal.
    
In the non-edible section, linseed oil and neem oils rose by Rs 50 each to Rs 4,650 and Rs 4,050-4,150 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) 7,650, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 5,550, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015, Sunflower 6,300, Sesame mill delivery 6,230, soybean Refined mill delivery (Indore) 5,770, Soyabean degum (Kandla) 5,730, Crude Palm Oil (Ex-kandla) 5,070, Cottonseed mill delivery (Haryana) 5,550, Palmolein (RBD)Rs 5,670 Palmolein (Kandla) 5,380, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660.
    
Non-edible oils: Linseed 4,650, Mahuwa 4,000, Castor 8,600-8,700, 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.