Agri Business

Select edible oils rise on global cues

PTI New Delhi | Updated on February 02, 2011

Select edible oil prices rose up to Rs 20 per quintal on the wholesale oils and oilseeds market on Wednesday largely on firming global trend.

Market analysts said fresh buying by vanaspati millers, driven by marriage season and firming trend in overseas market mainly, where palm oil surged to 35-month high in Kuala Lumpur, led to rise in select wholesale edible oil prices.

Meanwhile, palm oil futures for April-delivery rose 2.3 per cent to 35-month high of $ 1,280 a tonne in Kuala Lumpur on concern that a La Nina weather event that caused flooding in Asia and drought in South America may persist for a further four months.

In the national capital, Mustard expeller oil (Dadri) and cottonseed mill delivery oil (Haryana) gained Rs 20 each to Rs 5,920 and Rs 5,760 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) edged up by Rs 10 each to Rs 6,580 and Rs 6,180. Palmolein (rbd) also moved up by Rs 10 to Rs 6,280 per quintal.

Following are today’s quotations in Rs per quintal:

Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850.

Vanaspati ghee (15 litres tin) 1065-1140.

Edible oils: Groundnut mill delivery (Gujarat) 7,400, groundnut Solvent refined (per tin) 1,375-1,385, Mustard Expeller (Dadri) 5,920, Mustard Pakki ghani (per tin) 770-925, Mustard kachi ghani (per tin) 925-1,025, Sunflower 6,300, Sesame mill delivery 6,400, soybean Refined mill delivery (Indore) 6,580, Soyabean degum (Kandla) 6,180, Crude Palm Oil (Ex—kandla) 5,500, Cottonseed mill delivery (Haryana) 5,760, Palmolein (RBD) 6,280, Rice bran (phy) 3,750 and Coconut (per tin) 1,500-1,560.

Non-edible oils: Linseed 4,650, Mahuwa 4,000, Castor 8,700-8,800, Neem 4,150-4,250, 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.

Published on February 02, 2011

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