Select edible oils remain up on increased buying

Select edible oil prices continued to rise for the third straight day by adding Rs 10 per quintal on steady inflow of millers buying amid firming trend in global markets. Linseed and castor oils in the non-edible section, also showed improvement on increased industrial offtake.

Trading sentiment remained positive on sustained buying by stockists amid firming global trend.

The palm oil recorded its best-winning run since February to reach a six-week high in Malaysia, on speculation that demand for the most-consumed vegetable oil will increase as India and other populous Asian nations approach the festival season, they said.

In Delhi wholesale market, soyabean refined mill delivery (Indore) and soyabean degum (Delhi), edible oils remained in demand and added another Rs 10 each to Rs 4,630 and Rs 4,430, while  crude palm oil (ex-kandla) traded higher by the same margin at Rs 3750 per quintal.

In the non-edible section, linseed oil attracted fresh buying support from paint industries and gained Rs 50 to Rs 4,000 per quintal. Castor oil also gained Rs 50 to Rs 7350-7450 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) 8,000, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,050, Mustard Pakki ghani (per tin) 690-845, Mustard kachi ghani (per tin) 845-945, Sunflower 6,300, Sesame mill delivery 5,850

soybean Refined mill delivery (Indore) 4,630 Soyabean degum (Delhi) 4,430, Crude Palm Oil (Ex-kandla) 3,750, Cottonseed mill delivery (Haryana) 4,400, Palmolein (RBD) 4,400, Rice bran (phy) 3,750 and Coconut (per tin) 1,030-1,060

Non-edible oils: Linseed 4,000, Mahuwa 4,000, Castor 7,350-7,450, Neem 3,700-3,800, Rice bran 3,300-3,400 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