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Soyabean oil edges up on scattered demand

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Press Trust of India New Delhi
In restricted activity, soyabean oil prices rose Rs 50 per quintal at the wholesale oils and oilseeds market today on scattered buying from retailers against restricted supplies from producing belts.

Castor oil, in the non-edible section, also moved up on increased offtake by consuming industries.

Traders said some demand from retailers against restricted arrivals from producing regions mainly led to rise in soyabean oil prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were up by Rs 50 each to Rs 6,450 and Rs 6,150 per quintal respectively.

In the non-edible segment, castor oil traded higher by Rs 50 to Rs 9,800-9,900 per quintal.
 

Following are today's quotations (in Rs per quintal):

Oilseeds: Mustardseed Rs 2,950-3,050 and Groundnutseed Rs 2,150-2,900. Vanaspati Ghee (15-litre tin) Rs 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,800, Groundnut Solvent Refined (per tin) Rs 1,650-1,700, Mustard expeller (Dadri) Rs 7,550, Mustard Pakki Ghani (per tin) Rs 1,270-1,320, Mustard Kachi Ghani (per tin) Rs 1,320-1,420, sesame mill delivery Rs 8,000, Soyabean Refined Mill Delivery (Indore) Rs 6,450, Soyabean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,200, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,350, Palmolein (Kandla) Rs 5,250 and Coconut (per tin) Rs 2,100-2,125.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,800-9,900, Neem Rs 5,350-5,450.

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First Published: Aug 19 2015 | 3:22 PM IST

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