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MARKET DEVELOPMENT
Soyabean Oil Rises on Scattered Buying
calendar02-09-2015 | linkBusiness Standard | Share This Post:

02/09/2015 (Business Standard) - Soyabean oil prices firmed up by Rs 50 per quintal at the wholesale oil and oilseed market today on scattered buying by retailers.

However, other edible and non-edible oils moved in a tight range in limited deals and settled around previous levels.

Traders said some buying by retailers against restricted supplies from producing belts mainly helped soyabean oil prices to trade higher.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were up by Rs 50 each to Rs 6,450 and Rs 6,150 per quintal, respectively.

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 850-1,065.

Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,900, Groundnut Solvent Refined (per tin) Rs 1,675-1,725, Mustard expeller (Dadri) Rs 7,600, Mustard Pakki Ghani (per tin) Rs 1,300-1,350, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, sesame mill delivery Rs 7,900, Soyabean Refined Mill Delivery (Indore) Rs 6,450, Soyabean Degum (Kandla) Rs 6,150, Crude Palm Oil (Ex-Kandla) Rs 4,150, Cottonseed Mill Delivery (Haryana) Rs 5,700, Palmolein (RBD) Rs 5,250, Palmolein (Kandla) Rs 5,150 and Coconut (per tin) Rs 2,050-2,100.

Non-edible oils: Linseed Rs 8,450, Castor Rs 9,750-9,850, Neem Rs 5,350-5,450.