Palmolein oil up on global cues

In restricted trading, palmolein oil prices traded higher by Rs 10 per quintal in the wholesale oils and oilseeds market today largely on firming global trend.

Elsewhere, other edible and non-edible oils moved in a tight range on alternate bouts of trading and settled around previous levels.

Traders said scattered buying by vanaspati millers along with a firming trend in the global markets mainly led to the rise in palmolein oil prices.

Meanwhile, palm oil futures for delivery in June rose by 1.7 per cent to $1,098 a metric tonne in Kuala Lumpur.  

In the national capital, palmolein (rbd) and palmolein (Kandla) oils gained Rs 10 each to Rs 5,610 and Rs 5,310 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) 5,500, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015, Sunflower 6,300, Sesame mill delivery 6,250

soybean Refined mill delivery (Indore) 5,740, Soyabean degum (Kandla) 5,700, Crude Palm Oil (Ex-kandla) 5,050, Cottonseed mill delivery (Haryana) 5,500, Palmolein (RBD)Rs 5,610 Palmolein (Kandla) 5,310, 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