Select edible oils rise on retailers demand, global cues

Prices of select edible oils recorded gains up to Rs 100 per quintal at the wholesale oils and oilseeds market today largely supported by pickup in demand from retailers and millers.
However, non-edible oils continued to move in a narrow range in scattered deals and settled around previous levels.
Traders said pickup in demand from retailers against restricted supplies from producing belts amid a firm global trend mainly led to the rise in select edible oil prices.
Globally, palm oil futures traded higher at 2,136 ringgit (USD 588) a tonne, on Bursa Malaysia Derivatives after tumbling to 2,092 ringgit on April 10, the lowest since December 1.

In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils rose by Rs 50 each to Rs 8,650 and Rs 5,550 per quintal, respectively.
Tracking a firm overseas markets, palmolein (rbd) and palmolein (Kandla) oils edged up by Rs 50 each to Rs 5,500 and Rs 5,400 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and traded higher by Rs 100 each to Rs 6,600 and Rs 6,300 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-litre tin) Rs 930-1,070.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,650, Groundnut Solvent Refined (per tin) Rs 1,500-1,550, Mustard expeller (Dadri) Rs 7,150, Mustard Pakki Ghani (per tin) Rs 1,190-1,240, Mustard Kachi Ghani (per tin) Rs 1,240-1,340, sesame mill delivery Rs 7,400, Soyabean Refined Mill Delivery (Indore) Rs 6,600, Soyabean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,550, Palmolein (RBD) Rs 5,500, Palmolein (Kandla) Rs 5,400 and Coconut (per tin) Rs 2,350-2,400.
Non-edible oils: Linseed Rs 8,250, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.