Palmolein, soyabean move up on fresh buying

Prices of palmolein and soyabean oils rose by Rs 50 per quintal at the wholesale oils and oilseeds market today following fresh buying by vanaspati millers coupled restricted supplies from producing regions.
However, other edible and non-edible oils continued to trade in a tight range in limited deals and settled at last levels.
Traders said increased buying by vanaspati millers against restricted supplies from producing regions amid a firm global trend mainly led to the rise in palmolein and soyabean oil prices.
In the national capital, palmolein (RBD) and Palmolein (Kandla) oils moved up by Rs 50 each to Rs 5,750 and Rs 5,700 per quintal respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and traded higher by a similar margin to Rs 6,700 and Rs 6,400 per quintal, respectively.
Crude palm oil (ex-kandla) too ended higher by Rs 50 to Rs 4,280 per quintal.

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 9,500, Groundnut Solvent Refined (per tin) Rs 1,690-1,790, Mustard expeller (Dadri) Rs 8,100, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 6,800, Soybean Refined Mill Delivery (Indore) Rs 6,700, Soybean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,280, Cotton seed Mill Delivery (Haryana) Rs 5,800, Palmolein (RBD) Rs 5,750, Palmolein (Kandla) Rs 5,700 and Coconut (per tin) Rs 1,700-1,750.

Non-edible oils: Linseed Rs 9,250, Castor Rs 9,450-9,550, Neem Rs 5,350-5,450.