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Soyabean, mustard oils up on millers' buying

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Press Trust of India New Delhi

Prices of soyabean and mustard oil firmed up by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of buying by vanaspati millers.

However, non-edible oils moved in a narrow range in limited deals and pegged at the last levels.

Traders said increased offtake by vanaspati millers to meet rising demand from retailers against restricted supplies from growing regions mainly pushed up soyabean and mustard oil prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were trading up by Rs 50 each to Rs 7,700 and Rs 7,300 per quintal, respectively.

Mustard expeller (Dadri) also traded higher by a similar margin to Rs 7,750 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 8,450, Groundnut Solvent Refined (per tin) Rs 1,720-1,820, Mustard expeller (Dadri) Rs 7,750, Mustard Pakki Ghani (per tin) Rs 1,265-1,310, Mustard Kachi Ghani (per tin) Rs 1,315-1,415, Sesame Mill delivery Rs 9,600, Soybean Refined mill delivery (Indore) Rs 7,700, Soybean Degum (Kandla) Rs 7,300, Crude Palm Oil (Ex-Kandla) Rs 5,500, Cottonseed Mill delivery (Haryana) Rs 7,300, Palmolein (RBD) Rs 7,050, Palmolein (Kandla) Rs 7,100 and Coconut (per tin) Rs 3,100-3,150.

Non-edible oils: Linseed Rs 9,100, Castor Rs 7,200-7,300, Neem 5,350-5,450.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jul 04 2018 | 3:00 PM IST

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