Palmolein oil prices strengthen
In restricted activity, palmolein oil prices strengthened by Rs 50 per quintal on the wholesale oils…In restricted activity, palmolein oil prices strengthened by Rs 50 per quintal on the wholesale oils and oilseeds market on Saturday on increased buying by vanaspati millers.
However, other edible and non-edible oils moved in a tight range in scattered deals and settled around previous levels.
Traders said sustained buying by vanaspati millers helped palmolein oil prices to rise. In the national capital, palmolein (rbd) and palmolein (Kandla) oils added Rs 50 each at Rs 6,600 and Rs 6,100 per quintal respectively.
The following were today’s quotations per quintal: Oilseeds: Mustardseed 2,950-3,050 and Groundnut Seed 2,150-2,900.
Vanaspati Ghee (15-litre tin) 1,100-1,250. Edible oils: Groundnut Mill Delivery (Gujarat) 11,000, Groundnut Solvent Refined (per tin) 2,100-2,150, Mustard expeller (Dadri) 6,700, Mustard Pakki Ghani (per tin) 1,260-1,340, Mustard Kachi Ghani (per tin) 1,345-1,445, Sunflower 6,300, Sesame Mill Delivery 13,000, Soybean Refined Mill Delivery (Indore) 7,350, Soyabean Degum (Kandla) 6,900, Crude Palm Oil (Ex-Kandla) 6,200, Cottonseed Mill Delivery (Haryana) 6,300, Palmolein (RBD) Rs 6,600, Palmolein (Kandla) 6,100, Rice Bran (phy) 3,800 and Coconut (per tin)1,340-1,390.
Non-edible oils: Linseed 6,400, Mahuwa 4,000, Castor 8,800-8,900, Neem 5,000-5,100, Rice Bran 3,130-3,230 and Palm Fatty 3,225-3,300.
Oilcakes: Groundnut Dehusk 800-850, Sesame 950-1,150, Mustard (New) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.