Select edible oils strengthen on rising demand

Prices of select edible oils rose up to Rs 100 at the wholesale oils and oilseeds market today on rising demand from vanaspati millers and retailers coupled with a firming global trend.
However, non-edible oils moved in a tight range in limited deals and settled around previous levels.
Traders said besides rising demand from vanaspati millers and retailers, a firming global trend mainly kept select edible oil prices higher.
Meanwhile, palm oil rose 1.2 per cent to 2,236 ringgit (USD 639) a metric tonne on Malaysia Derivatives Exchange in yesterday's trade, the highest level since November 27 on likely drop in output.

In the national capital, mustard expeller (Dadri) oil advanced by Rs 200 to Rs 7,700 per quintal. Mustard pakki and kachi ghani oils edged up by Rs 30 each to 1,250-1,300 and Rs 1,300-1,400 per tin, respectively.
Taking positive cues from overseas markets, palmolein (rbd) and palmolein (Kandla)oils advanced Rs 50 each to Rs 5,800 and Rs 5,600 per quintal, respectively. Crude palm oil (ex-kandla) edged up by Rs 50 to Rs 4,150 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also gained Rs 100 each to Rs 6,550 and Rs 6,250 per quintal, respectively.
Coconut oil edged higher to Rs 2,550-2,600 from previous level of Rs 2,450-2,475 per tin.

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) 960-1,130.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,100, Groundnut Solvent Refined (per tin) 1,350-1,400, Mustard expeller (Dadri) 7,700, 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) 6,550, Soyabean Degum (Kandla) 6,250, Crude Palm Oil (Ex-Kandla) 4,150, Cottonseed Mill Delivery (Haryana) 5,650, Palmolein (RBD) 5,800, Palmolein (Kandla) 5,600 and Coconut (per tin) 2,550-2,600.
Non-edible oils: Linseed 8,150, Castor 9,650-9,750, Neem 5,350-5,450.