Select edible oils up on global cues

Select edible oil prices rose by up to Rs 50 per quintal in the wholesale oils and oilseeds market today on emergence of buying by vanaspati millers supported by pick-up in demand.  

Firming trend in global markets also influenced the trading sentiment to some extent. 

Sentiments in select edible oils turned better after palm oil advanced in global markets on speculation that decline in US soybean stockpiles may boost demand for the tropical cooking oil.

Meanwhile, palm oil for September delivery gained 1.4% to $1,017 a tonne on the Malaysia Derivatives Exchange. In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 Rs 20 to Rs 6,270 and Rs 5,840 per quintal, respectively.

Palmolein (rbd) and palmolein (kandla) oils also moved up by Rs 50 each to Rs 5,800 and Rs 5,500 per quintal, respectively.

Following were today's quotations: 

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) 8,380, groundnut Solvent refined (per tin) 1,425-1,435, Mustard Expeller (Dadri) 5,670, Mustard Pakki ghani (per tin) 745-900, Mustard kachi ghani (per tin) 900-1,000

Sunflower 6,300, Sesame mill delivery 6,170, soybean Refined mill delivery (Indore) 6,270, Soyabean  degum (Kandla) 5,840, 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