Select edible oils rise on uptick in demand

Supported by increased demand from vanaspati millers and retailers, select edible oil prices rose by up to Rs 100 per quintal at the wholesale oils and oilseeds market today.
Besides, restricted supplies from producing regions due to heavy rains also influenced sentiment.
Castor oil in the non-edible section, traded higher on increased offtake by consuming industries.
Marketmen said pick-up in demand from vanaspati millers and retailers against restricted supplies from producing belts mainly led to the rise in select edible oils prices.
In the national capital, mustard expeller (Dadri) oil rose by Rs 100 to Rs 8,700 per quintal. Mustard pakki and kachi ghani traded higher by Rs 50 each to 1,400-1,450 and Rs 1,450-1,550 per tin, respectively.

Palmolein (rbd) and palmolein (Kandla) also moved up by Rs 50 each to Rs 5,850 and Rs 5,900 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) followed suit and traded higher by a similar margin to Rs 6,750 and Rs 6,450 per quintal, respectively.
Among non-edible, castor oil traded higher by Rs 50 to Rs 9,650-9,750 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 13,100, Groundnut Solvent Refined (per tin) Rs 1,950-2,000, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,400-1,450, Mustard Kachi Ghani (per tin) Rs 1,450-1,550, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,750, Soybean Degum (Kandla) Rs 6,450, Crude Palm Oil (Ex-Kandla) Rs 4,400, Cottonseed Mill Delivery (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,850, Palmolein (Kandla) Rs 5,900 and Coconut (per tin) Rs 1,550-1,600.

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