Coconut oil prices up on rising demand

In an otherwise steady wholesale oils and oilseeds market, Coconut oil traded higher by Rs 15 a tin on retailers buying support. Other edible as well as non-edible oils, continued to trade in a tight range on some deals.

Traders said pick up in local demand amid higher advices from southern region mainly led to the rise in wholesale coconut oil prices. In the edible section, coconut oil prices firmed by Rs 15 to Rs 1,415-1,475 a tin of 15 litres.

Following are today?s quotations in Rs a quintal: Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850. Vanaspati ghee (15 litres tin) 925-960.

Edible oils: Groundnut mill delivery (Gujarat) 7,350, groundnut Solvent refined (a tin) 1,425-1,435, Mustard Expeller (Dadri) 6,150, Mustard Pakki ghani (a tin) 780-935, Mustard kachi ghani (a tin) 935-1,035, Sunflower 6,300, Sesame mill delivery 6,250, soybean Refined mill delivery (Indore) 6,250, Soyabean degum (Kandla) 6,050, Crude Palm Oil (ex-Kandla) 5,550, Cottonseed mill delivery (Haryana) 5,700, Palmolein (RBD) 6,200, Rice bran (phy) 3,750 and Coconut (a tin) 1,415-1,475.

Non-edible oils: Linseed 4,500, Mahuwa 4,000, Castor 8,600-8,700, Neem 4,050-4,150, Rice bran 3,300-3,400 and palm fatty 3,225-3,300.

Oilcakes: groundnut de-husk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175.