Palmolein, soyabean oils remain up on sustained buying

Rising trend in palmolein and soyabean oils remained unabated in the wholesale oils and oilseeds market today on continued buying by vanaspati millers and local parties amid firming trend overseas.

However, non-edible oils, remained flat in limited deals.

Sentiment remained firm, as palm oil advanced in Malaysia on expectation that demand from the biggest users will rise, as rival soybeans climbed. Besides, sustained buying by vanaspati millers to meet the rising demand in view of festive season, brokers said.

Meanwhile, palm oil futures for December-delivery rose 0.8 per cent to $869 a metric tonne on the Malaysia Derivatives Exchange.  

In the national capital, palmolein (rbd) remained in demand and added another Rs 20 to Rs 4,970 per  quintal. 

 

Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) were also seen in demand and quoted higher by Rs 20 and Rs 10 to Rs 5,000 and Rs 4,710 per quintal.

Following are today's quotations in Rs per quintal:

Oilseeds: mustard seed 2,500-2,600 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 750-860

Edible oils: Groundnut mill delivery (Gujarat) 8,980, groundnut Solvent refined (per tin) 1,550-1,560, Mustard Expeller (Dadri) 5,400, Mustard Pakki ghani (per tin) 730-885

Mustard kachi ghani (per tin) 885-985, Sunflower 6,300, Sesame mill delivery 5,850, soybean Refined mill delivery (Indore) 5,000 Soyabean degum (Delhi) 4,710, Crude Palm Oil (Ex-kandla) 4,230

Cottonseed mill delivery (Haryana) 4,650, Palmolein (RBD) 4,970, Rice bran (phy) 3,750 and Coconut (per tin) 1,125-1,155

Non-edible oils: Linseed 4,100, Mahuwa 4,000, Castor 8,200-8,300, Neem 3,800-3,900, Rice bran 3,300-3,400 and palm fatty 3,225-3,300

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,025-1,050, Mustard 1,200-1,210 and Cottonseed 1,075-1,175