Soyabean, mustard oil rise on stockists' buying

Soyabean and mustard oil prices rose by up to Rs 150 per quintal at the wholesale oils and oilseeds market today on stockists' buying following uptick in demand from retailers against restricted supplies from producing belts.

However, groundnut oil prices ended lower on reduced offtake by stockists.

Elsewhere, non-edible oils held steady in thin trade.

Traders said stockists' buying, driven by pick-up in demand from retailers against restricted supplies from producing belts, mainly led to the rise in soyabean oil and mustard oil prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 6,800 and Rs 6,400 per quintal, respectively.

Mustard expeller (Dadri) oils traded higher by Rs 150 to Rs 7,950 per quintal.

On the other hand, groundnut mill delivery (Gujarat) oil declined by Rs 200 to Rs 8,000 per quintal. Groundnut solvent refined followed suit and traded lower by Rs 50 to Rs 1,450-1,550 per tin.

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 8,000, Groundnut Solvent Refined (per tin) Rs 1,450-1,550, 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 7,700, Soybean Refined Mill Delivery (Indore) Rs 6,800, Soybean Degum (Kandla) Rs 6,400, Crude Palm Oil (Ex-Kandla) Rs 4,800, Cottonseed Mill Delivery (Haryana) Rs 6,400, Palmolein (RBD) Rs 5,800, Palmolein (Kandla) Rs 5,850 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,750, Castor Rs 9,000-9,100, Neem Rs 5,350-5,450.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)