Palmolein, crude palm oils up on global cues

Palmolein and crude palm oil prices rose by Rs 10 per quintal on the wholesale oils and oilseeds market today, largely on a firming global trend.

Other edible as well as non-edible oils, however, continued to be traded at previous levels.   

Market analysts said recovery in palm oil in global markets after recent declines, influenced the trading sentiments.  

Besides, scattered buying by vanaspati mills also supported the rise in select edible oil prices, they said. Meanwhile, palm oil futures for delivery in June gained 1.8 per cent to $1,111 a tonne in Kuala Lumpur.

In the national capital, palmolein (rbd) and palmolein (kandla) gained Rs 10 each to Rs 5,790 and Rs 5,490, while crude palm oil (ex-kandla) traded higher by the same margin to Rs Rs 5,210 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) 7,550, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 5,850, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025

Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,140, Soyabean degum (Kandla) 5,840, Crude Palm Oil (Ex-kandla) 5,210, Cottonseed mill delivery (Haryana) 5,650

Palmolein (RBD) Rs 5,790 Palmolein (Kandla) 5,490, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,650-8,750, Neem 4,000-4,100, 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