Select edible oils extend gains on surging demand

Select edible oils prices gained Rs 50 per quintal at the wholesale oils and oilseeds market today on persistent buying by vanaspati millers and retailers to meet rising demand amid a firming global trend.
In the non-edible section, linseed oil also advanced on increased demand from consuming industries.
Traders said persistent buying by vanaspati millers and retailers to meet rising demand amid a firming global trend mainly kept select edible oil prices higher.
In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils gained another Rs 50 each to Rs 8,250 and Rs 5,750 per quintal, respectively.

Taking positive cues from overseas market, palmolein (rbd) and palmolein (Kandla) oils advanced by Rs 50 each to Rs 5,950 and Rs 5,750 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and ended higher by a similar margin to Rs 6,800 and Rs 6,500 per quintal, respectively.

In the non-edible segment, linseed oil rose further by Rs 50 to Rs 8,250 per quintal.
Following are today's quotations (in Rs per quintal):
Oilseeds: Mustard seed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 900-1,080.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,250, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,900, Mustard Pakki Ghani (per tin) 1,250- 1,300, Mustard Kachi Ghani (per tin) 1,300-1,400, sesame mill delivery 7,800, Soyabean Refined Mill Delivery (Indore) 6,800, Soyabean Degum (Kandla) 6,500, Crude Palm Oil (Ex-Kandla) 4,200, Cottonseed Mill Delivery (Haryana) 5,750, Palmolein (RBD) 5,950, Palmolein (Kandla) 5,750 and Coconut (per tin) 2,550-2,600.

Non-edible oils: Linseed 8,250, Castor 9,650-9,750, Neem 5,350-5,450.