Select edible oils rise on global cues

Select edible oil prices rose by Rs 50 per quintal on the wholesale oils and oilseeds market today on fresh buying by vanaspati millers, supported by a firming trend in global markets.

However, non-edible oils ruled flat in restricted buying activity.

Buying activity in edible oils picked up after palm oil gained in global markets after soybeans climbed on concern that adverse weather in the next two weeks will erode crop prospects in the US, world's biggest producer and exporter.

Meanwhile, palm oil for the September delivery climbed 0.8% to $1,033 per tonne on the Malaysia Derivatives Exchange.   

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 6,250 and Rs 5,850, while palmolein (rbd) and palmolein (kandla) oils traded higher by the same margin to Rs 5,800 and Rs 5,500 per quintal, respectively.

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) 8,400, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,700, Mustard Pakki ghani (per tin) 755-910, Mustard kachi ghani (per tin) 910-1,010

Sunflower 6,300, Sesame mill delivery 6,170, soybean Refined mill delivery (Indore) 6,250, Soyabean  degum (Kandla) 5,850, Crude Palm Oil (Ex-kandla) 5,200, Cottonseed mill delivery (Haryana) 5,460

Palmolein (RBD) Rs 5,800 Palmolein (Kandla) 5,500, Rice bran (phy) 3,750 and Coconut (per tin) 1,700-1,760

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,450-8,550, Neem 4,100-4,200, 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