Palmolein and soyabean oils prices strengthened by Rs 20 a quintal on the wholesale oils and oilseeds market on Thursday on increased buying by vanaspati millers, amid a firming trend in global markets.

Sentiments remained upbeat as palm oil gained in global markets on concern that a report will show the nation’s farmers are likely to plant less soybeans in favour of corn, reducing output of the crop used to make rival cooking oil.

Meanwhile, palm oil futures for the most-active June contract gained 0.7 per cent to $1,103 a tonne in Kuala Lumpur.

In the national capital, Palmolein (rbd) and palmolein (Kandla) gained Rs 20 each to Rs 5,640 and Rs 5,350 a quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also traded Rs 20 each higher at Rs 5,750 and Rs 5,710 a quintal.

Following are today’s quotations in rupees a quintal: Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850. Vanaspati ghee (15 litres tin) 1,065-1,140.

Edible oils: Groundnut mill delivery (Gujarat) 7,650, groundnut Solvent refined (a tin) 1,300-1,310, Mustard Expeller (Dadri) 5,480, Mustard Pakki ghani (a tin) 760-915, Mustard kachi ghani (a tin) 915-1,015, Sunflower 6,300, Sesame mill delivery 6,230, soybean Refined mill delivery (Indore) 5,750, Soyabean degum (Kandla) 5,710, Crude Palm Oil (Ex-Kandla) 5,060, Cottonseed mill delivery (Haryana) 5,500, Palmolein (RBD)Rs 5,640 Palmolein (Kandla) 5,350, Rice bran (phy) 3,750 and Coconut (a tin) 1,600-1,660.

Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,600-8,700, Neem 4,000-4,100, Rice bran 3,300-3,400 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.

Related Topics
comment COMMENT NOW