Select edible, non-edible oil recovers on firm demand

Prices of select edible as well as non-edible oils recovered up to Rs 30 per quintal at the wholesale oils and oilseeds market in the national capital today, largely on the back of uptick in demand from millers, retailers and consuming industries.
Sentiments in edible oils turned better following increased offtake by vanaspati units and retailers amid a firming trend overseas, traders said.
Rising demand from paint and other industries also lifted prices of select non-edible oils, they said.
In the edible segment, mustard expeller (Dadri) oil prices were up Rs 30 to Rs 7,960 per quintal on increased demand from local parties. In sympathy, mustard pakki and kachi ghani oils gained Rs 10 each at Rs 1,345-1,395 and Rs 1,385-1,485 per 15 kg tin, respectively.

Soyabean mill delivery (Indore) and soyabean degum (kandla) were also up by a similar margin and traded higher at Rs 6,670 and Rs 6,370 per quintal, respectively.
Palmolein (RBD) and palmolein (Kandla) were also in a better form and were up by Rs 20 each at Rs 5,580 and Rs 5,510 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-liter tin) Rs 850-1,065.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 9,020, Groundnut Solvent Refined (per tin) Rs 1,680-1,730, Mustard expeller (Dadri) Rs 7,960, Mustard Pakki Ghani (per tin) Rs 1,345-1,395, Mustard Kachi Ghani (per tin) Rs 1,385-1,485, Sesame Mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,670, Soyabean Degum (Kandla) Rs 6,370, Crude Palm Oil (Ex-Kandla) Rs 4,230, Cottonseed Mill Delivery (Haryana) Rs 5,900, Palmolein (RBD) Rs 5,580, Palmolein (Kandla) Rs 5,510 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,590, Castor Rs 9,890-9,990, Neem Rs 5,350-5,450.