Prices of palmolein and soyabean oil firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of stockists buying following uptick in demand from retailers.
Castor oil in the non-edible section, also showed some strength on increased offtake by consuming industries.
Traders said stockists buying on the back of pick-up in demand from retailers against restricted supplies from producing regions mainly led to the rise in palmolein and soyabean oil prices.
In the national capital, palmolein (RBD) and palmolein (Kandla) oils moved up by Rs 50 each to Rs 5,950 and Rs 6,000 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also traded higher by a similar margin to Rs 6,800 and Rs 6,500 per quintal.
In the non-edible section, castor oil too went up by Rs 50 to Rs 9,800-9,900 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 10,100,Groundnut Solvent Refined (per tin) Rs 1,750-1,850, Mustard expeller (Dadri) Rs 8,700, Mustard Pakki Ghani (per tin) Rs 1,350-1,395, Mustard Kachi Ghani (per tin) Rs 1,400-1,500,Sesame Mill delivery Rs 8,200, Soybean Refined Mill Delivery(Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,500, Crude Palm Oil (Ex-Kandla) Rs 4,600, Cottonseed Mill Delivery (Haryana)Rs 6,700, Palmolein (RBD) Rs 5,950, Palmolein (Kandla) Rs 6,000 and Coconut (per tin) Rs 1,800-1,850.
Non-edible oils: Linseed Rs 9,900, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.
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