Soyabean oil rises on selective buying

In restricted activity, soyabean oil prices rose up to Rs 50 per quintal in the wholesale oils and oilseed market today on selective buying by vanaspati millers and rising demand for the upcoming festive season.

Marketmen said selective buying by vanaspati millers to meet the upcoming festive season demand mainly pushed up the wholesale soyabean oil prices.

In the edible section, soyabean refined mill delivery (Indore) and soyabean degum (Delhi) rose by Rs 50 and Rs 10 to Rs 4,950 and Rs 4,660 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) 750-860

Edible oils: Groundnut mill delivery (Gujarat) 8,500, groundnut Solvent refined (per tin) 1,450-1,460, Mustard Expeller (Dadri) 5,300, Mustard Pakki ghani (per tin) 710-865, Mustard kachi ghani (per tin) 865-965

Sunflower 6,300, Sesame mill delivery 5,900, soybean Refined mill delivery (Indore) 4,950 Soyabean degum (Delhi) 4,660, Crude Palm Oil (Ex-kandla) 3,980, Cottonseed mill delivery (Haryana) 4,500, Palmolein (RBD) 4,680, Rice bran (phy) 3,750 and Coconut (per tin) 1,050-1,080

Non-edible oils: Linseed 4,150, Mahuwa 4,000, Castor 7,700-7,800, Neem 3,750-3,850, 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