Select edible oils up on fresh buying, global cues

Select edible oil prices rose by Rs 50 per quintal on the wholesale oils and oilseeds market today on fresh buying by vanaspati millers and retailers amid a firm global trend.
However, non-edible oils held steady in restricted deals.
Marketmen said fresh buying by vanaspati millers and retailers amid a firm global trend on speculation that a rally in crude oil prices to the highest level in more than two months will boost demand for the vegetable oil as feedstock for biofuels.
Meanwhile, palm oil for March delivery rose 0.7 per cent to USD 804 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 7,550 and Rs 7,220, while crude palm oil (ex-kandla) traded higher by same margin to Rs 5,550 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils also moved up by Rs 50 each to Rs 6,650 and Rs 6,250 per quintal, respectively.

The following were today's quotations per quintal:
Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,160-1,290.
Edible oils: Groundnut Mill Delivery (Gujarat) 8,150, Groundnut Solvent Refined (per tin) 2,000-2,050, Mustard expeller (Dadri) 7,500, Mustard Pakki Ghani (per tin) 1,280-1,360, Mustard Kachi Ghani (per tin) 1,365-1,465, Sunflower 6,300, Sesame Mill Delivery 11,600, Soybean Refined Mill Delivery (Indore) 7,550, Soyabean Degum (Kandla) 7,250, Crude Palm Oil (Ex-Kandla) 5,550, Cottonseed Mill Delivery (Haryana) 6,450, Palmolein (RBD) Rs 6,650, Palmolein (Kandla) 6,250, Rice Bran (phy) 3,800 and Coconut (per tin) 1,380-1,430.

Non-edible oils: Linseed 7,150, Mahuwa 4,000, Castor 9,400-9,500, Neem 5,300-5,400, Rice Bran 3,170-3,270 and Palm Fatty 3,225-3,300.
Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.