Palmolein, soyabean oil rise on fresh buying

Palmolein and soyabean oil prices gained Rs 10 per quintal each in the wholesale oils and oilseeds market today on fresh buying by vanaspati millers and firming global trend.

Trading sentiment turned better after palm oil rose 1.1 per cent in Malaysia after crude oil and soybeans advanced, boosting the demand outlook for the tropical commodity.

Marketmen said fresh buying by vanaspati millers and reports of firming trend in Malaysia, world's main hub of oil trading, pushed up the prices here.

In the edible section, palmolein (rbd), soyabean refined mill delivery and soyabean degum (Delhi) were up by Rs 10 each to Rs 4,190, Rs 4,460-4,360, while crude palm oil (ex-kandla) traded higher by the same margin at Rs 3,730 per quintal.

Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 720-830

Edible oils: Groundnut mill delivery (Gujarat) 7,350, groundnut Solvent refined (per tin) 1,220-1,230, Mustard Expeller (Dadri) 4,820, Mustard Pakki ghani (per tin) 675-830, Mustard kachi ghani (per tin) 830-930, Sunflower 6,300, Sesame mill delivery 5,850, Soybean Refined mill delivery (Indore) 4,460 Soyabean degum (Delhi) 4,360

Crude Palm Oil (Ex-kandla) 3,730, Cottonseed mill delivery (Haryana) 4,080, Palmolein (RBD) 4,190, Rice bran (phy) 3,750 and Coconut (per tin) 1,020-1,050

Non-edible oils: Linseed 4,000, Mahuwa 4,000, Castor 7,100-7,200, Neem 3,650-3,750, Rice bran 3,200-3,300 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175