Select edible oils strengthen on global cues

Select edible oils strengthened by Rs 20 per quintal in the wholesale oils and oilseeds market today on increased buying by vanaspati millers amid a firming trend in Malaysia.

Sustained buying by vanaspati millers and a firming trend at Malaysia mainly helped edible oil prices to move up.

Meanwhile, palm oil for July delivery advanced by 0.2% to $1,092 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) rose by Rs 20 each to Rs 6,150 and Rs 5,800 per quintal, respectively.

Palmolein (rbd) and palmolein (kandla) oils advanced by Rs 20 each to Rs 5,820 and Rs 5,520, respectively, while crude palm oil (ex-kandla) gained Rs 20 to Rs 5,250 per quintal.

In the non-edible section, castor oil moved up by Rs 50 to Rs 8,500-8,600 per quintal.

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) 8,000, groundnut Solvent refined (per tin) 1,350-1,360, Mustard Expeller (Dadri) 5,350, Mustard Pakki ghani (per tin) 750-905, Mustard kachi ghani (per tin) 905-1,005, Sunflower 6,300, Sesame mill delivery 6,180

soybean Refined mill delivery (Indore) 6,150, Soyabean degum (Kandla) 5,800, Crude Palm Oil (Ex-kandla) 5,250, Cottonseed mill delivery (Haryana) 5,450, Palmolein (RBD) Rs 5,820 Palmolein (Kandla) 5,520, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660

Non-edible oils: Linseed 4,550, Mahuwa 4,000, Castor 8,500-8,600, Neem 4,050-4,150, 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