Palmolein, soyabean oils rise on millers' buying

Prices of palmolein and soyabean oils rose by Rs 100 per quintal at the wholesale oils and oilseeds market today following increased offtake by vanaspati millers.
Castor oil in the non-edible section, also traded higher on pick-up in demand from consuming industries.
Traders said, increased offtake by vanaspati millers to meet rising festive season demand from retailers amid restricted arrivals from producing belts mainly attributed the rise in palmolein and soyabean oil prices.
Depreciating rupee against the dollar also influenced sentiment, they said.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils were up by Rs 100 each to Rs 6,100 and Rs 6,150 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also went up by a similar margin to Rs 6,950 and Rs 6,550 per quintal, respectively.

In the non-edible section, castor oil edged higher by Rs 100 to Rs 9,350-9,450 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 8,200, Groundnut Solvent Refined (per tin) Rs 1,450-1,550, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,950, Soybean Degum (Kandla) Rs 6,550, Crude Palm Oil (Ex-Kandla) Rs 4,800, Cottonseed Mill Delivery (Haryana) Rs 6,450, Palmolein (RBD) Rs 6,100, Palmolein (Kandla) Rs 6,150 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,350-9,450, Neem Rs 5,350-5,450.