Palmolein, soyabean oils up on global cues

Prices of palmolein and soyabean oils rose up to Rs 20 per quintal on the wholesale oils and oilseeds market today largely on the back of a firm global trend.

However, non-edible oils remained flat in restricted activity. 

Sentiment turned better after palm oil gained in Malaysia on concerns that demand for vegetable oils will exceed supplies as adverse weather threatens to delay sowing of soybeans in Brazil and Argentina.

Meanwhile, palm oil futures for the January-delivery contract up by one per cent to $1,085 a metric tonne on the Malaysia Derivatives Exchange.

In the national capital,soyabean refined mill delivery (Indore) and soyabean degum (Delhi) recovered by Rs 20 and Rs 10 to Rs 5700 and Rs 5060, while palmolein (rbd) gained Rs 10 to Rs 5610 per quintal.

Following are today's quotations in Rs per quintal: 

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850
Vanaspati ghee (15 litres tin) 925-960

Edible oils: Groundnut mill delivery (Gujarat) 7,100, groundnut Solvent refined (per tin) 1,420-1,430, Mustard Expeller (Dadri) 5,550, Mustard Pakki ghani (per tin) 745-900, Mustard kachi ghani (per tin) 900-1,000

Sunflower 6,300, Sesame mill delivery 6,050, soybean Refined mill delivery (Indore) 5,700, Soyabean degum (Delhi) 5,060, Crude Palm Oil (Ex-kandla) 4,800, Cottonseed mill delivery (Haryana) 5,100, Palmolein (RBD) 5,610, Rice bran (phy) 3,750 and Coconut (per tin) 1,240-1,300

Non-edible oils: Linseed 4,300, Mahuwa 4,000, Castor 8,400-8,500, 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) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175