Palmolein, soyabean oils up on millers' buying

Prices of palmolein and soyabean oil firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market today on the back of pick up in buying by millers.
In the non-edible section, castor oil also showed some strength on increased offtake by consuming industries.
Traders said increased buying by vanaspati millers and retailers against restricted supplies from producing regions mainly led to the rise in palmolein and soyabean oil prices.
In the national capital, palmolein (rbd) and palmolein (Kandla) oils rose by Rs 50 each to Rs 5,650 and Rs 5,600 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too were seen in demand and traded higher by a similar margin to Rs 6,600 and Rs 6,300 per quintal.

Among non-edible oils, castor moved up by Rs 50 to Rs 9,400-9,500 per quintal on increased industrial offtake.

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 9,400, Groundnut Solvent Refined (per tin) Rs 1,700-1,800, Mustard expeller (Dadri) Rs 8,050, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 6,700, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,250, Cotton seed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,650, Palmolein (Kandla) Rs 5,600 and Coconut (per tin) Rs 1,800-1,850.

Non-edible oils: Linseed Rs 9,200, Castor Rs 9,400-9,500, Neem Rs 5,350-5,450.