Palmolein edges up on scattered demand

Palmolein oil prices edged higher by 50 per quintal in an otherwise steady wholesale oils and oilseeds market today on mild demand from retailers.
However, other edible and non-edible oils moved in a narrow range in limited deals and pegged at last levels.
Traders said the volume of business has dropped consdierably as arrivals and offtake remained at a low ebb amid acute shortage of funds following the government's move to demonetise Rs 500 and Rs 1,000 currency notes in a bid to curb black money.
In the national capital, palmolein (rbd) and palmolein (Kandla) oil were up by Rs 50 each to Rs 5,700 and Rs 5,750 per quintal respectively.

Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed Rs 2,950-3,050 and Groundnut seed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 800-1,000.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 10,400,Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,650, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,100, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana) Rs 6,650, Palmolein (RBD) Rs 5,700, Palmolein (Kandla) Rs 5,750 and Coconut (per tin) Rs 1,750-1,800.
Non-edible oils: Linseed Rs 9,900, Castor Rs 9,650-9,750, Neem Rs 5,350-5,450.