New Delhi, Feb 28 (PTI) Select edible oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of buying by vanspati millers amid a firm trend overseas. Also Read - 'Name Change Virus?' Internet Explodes With Memes After Gujarat Govt Renames Dragon Fruit As 'Kamalam'
Linseed oil in the non-edible section, also traded higher on pick up in demand from consuming industries. Also Read - Dragon Fruit to be Renamed as 'Kamalam' by Gujarat Government. But Why?
Traders said fresh buying by vanaspati millers and a firm trend overseas, mainly led to rise in select edible oil prices. Also Read - Gujarat: 11 Students Test Positive For Coronavirus on First Day of School Reopening
Globally, the benchmark palm oil contract for May delivery was up 0.1 percent at 2,542 ringgit (USD 650.79) a tonne on the Bursa Malaysia Derivatives Exchange.
In the edible section, palmolein (RBD) and palmolei(Kandla) oils rose by Rs 50 each to Rs 6,500 and Rs 6,550 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oil also traded higher by a similar margin to Rs 7,800 and Rs 7,400 per quintal, respectively.
Crude palm oil (ex-kandla) too edged up by Rs 50 to Rs 5,350 per quintal.
Among non-edible, linseed oil enquired higher by Rs 50 to Rs 9,150 per quintal.
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 8,600, Groundnut Solvent Refined (per tin) Rs 1,675-1,775, Mustard expeller (Dadri) Rs 7,950, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,800, Soybean Refined Mill Delivery (Indore) Rs 7,800, Soybean Degum (Kandla) Rs 7,400, Crude Palm Oil (Ex-Kandla) Rs 5,350, Cottonseed Mill Delivery (Haryana) Rs 6,900, Palmolein (RBD) Rs 6,500, Palmolein (Kandla) Rs 6,550 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 9,150, Castor Rs 7,700-7,800, Neem Rs 5,350-5,450. PTI KPS ADI
This is published unedited from the PTI feed.