Prices of palmolein and crude oil rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of buying by vanaspati millers and a firm trend overseas.
However, other edible and non-edible oils held steady.
Traders said fresh buying by vanaspati millers and retailers and a firm trend overseas mainly led to rise in palmolein and crude oil prices.
Globally, the benchmark palm oil contract for July
delivery jumped 1.6 per cent to 2,377 ringgit (USD 603.30)
a tonne, its biggest gain since April 17 on the Bursa Malaysia
Following are today's quotations (in Rs per quintal):
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