24/08/2017 (Outlook India) - Palmolein oil prices strengthened by Rs 100 per quintal at the wholesale oils and oilseeds market today following rising demand from vanaspati millers amid firm trend overseas.

Castor oil, in the non-edible section, remained in positive zone on increased offtake by consuming industries.

Traders said rising demand from vanaspati millers and retailers and a firm trend overseas mainly kept palmolein oil prices higher.

In the national capital, palmolein (rbd) and palmolein (Kandla) oils advanced by Rs 100 each to Rs 5,650 and Rs 5,700 per quintal respectively.

In the non-edible section, castor oil edged up by Rs 50 to Rs 9,200-9,300 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 1,550-1,650, Mustard expeller (Dadri) Rs 7,900, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 7,800, 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 5,650, Palmolein (Kandla) Rs 5,700 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,800, Castor Rs 9,200-9,300, Neem Rs 5,350-5,450.