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Soyabean oil goes up on pick-up in demand

Press Trust of India  |  New Delhi 

Soyabean prices rose by Rs 200 per quintal at the wholesale oils and oilseeds market today on uptick in demand from vanaspati millers and retailers.

Coconut also ended higher on retailers' demand.

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

Traders said upsurge in demand from retailers and vanaspati millers, mainly pushed up soyabean prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were trading up by Rs 200 each to Rs 7,000 and Rs 6,600 per quintal, respectively.

Coconut oil also quoted higher by Rs 200 to Rs 2,250 -2,300 per tin.

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 8,800, Groundnut Solvent Refined (per tin) Rs 1,600-1,700, Mustard expeller (Dadri) Rs 8,000, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,700, Soybean Refined Mill Delivery (Indore) Rs 7,000, Soybean Degum (Kandla) Rs 6,600, Crude Palm Oil (Ex-Kandla) Rs 4,850, Cottonseed Mill Delivey (Haryana) Rs 6,500, Palmolein (RBD) Rs 5,950, Palmolein (Kandla) Rs 6,000 and Coconut (per tin) Rs 2,250-2,300.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 14:22 IST