Palmolein, soyabean oils rise on high demand

Prices of palmolein and soyabean oil prices went up by Rs 50 per quintal at the wholesale oils and oilseeds market today on pick-up in demand from vanaspati millers.
Castor oil in the non-edible section, also moved up on increased offtake by consuming industries.
Marketmen said pick-up in demand from vanaspati millers and retailers against restricted supplies from producing belts mainly led to a rise in palmolein and soyabean oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils gained by Rs 50 each to Rs 6,300 and Rs 6,350 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded higher by a similar margin to Rs 7,650 and Rs 7,250 per quintal, respectively.

Among non-edible section, castor oil too edged up by Rs 100 to Rs 8,100-8,200 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 9,200, Groundnut Solvent Refined (per tin) Rs 1,675-1,775, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,700, Soybean Refined Mill Delivery (Indore) Rs 7,650, Soybean Degum (Kandla) Rs 7,250, Crude Palm Oil (Ex-Kandla) Rs 5,200, Cottonseed Mill Delivery (Haryana) Rs 6,800, Palmolein (RBD) Rs 6,300, Palmolein (Kandla) Rs 6,350 and Coconut (per tin) Rs 3,000-3,050.

Non-edible oils: Linseed Rs 9,000, Castor Rs 8,100-8,200, Neem Rs 5,350-5,450.