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MARKET DEVELOPMENT
Select Edible Oils up on Retailers Demand
calendar23-03-2016 | linkIndia Times | Share This Post:

23/03/2016 (India Times) - Select edible oil prices firmed by up to Rs 100 per quintal at the wholesale oils and oilseeds market today due to pick up in demand from retailers against tight stocks.

Linseed and castor oils, in the non-edible section, also showed some strength on increased offtake by consuming industries.

Traders said besides pick up in demand from retailers, restricted supplies from producing regions mainly pushed up select edible oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 100 to Rs 9,480 per quintal.

Cottonseed mill delivery (Haryana) and mustard expeller (Dadri) oils edged up by Rs 50 each to Rs 5,750 and Rs 8,100 per quintal, respectively.

In the non-edible section, linseed oil also went up by Rs 50 to Rs 9,250 per quintal on fresh enquiries from paint industries. Castor oil too traded higher by a similar margin to Rs 9,450-9,550 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 9,480, Groundnut Solvent Refined (per tin) Rs 1,690-1,790, Mustard expeller (Dadri) Rs 8,100, Mustard Pakki Ghani (per tin) Rs 1,250-1,300, Mustard Kachi Ghani (per tin) Rs 1,300-1,400, Sesame Mill delivery Rs 6,700, Soybean Refined Mill Delivery (Indore) Rs 6,600, Soybean Degum (Kandla) Rs 6,300, Crude Palm Oil (Ex-Kandla) Rs 4,230, Cotton seed Mill Delivery (Haryana) Rs 5,750, Palmolein (RBD) Rs 5,640, Palmolein (Kandla) Rs 5,590 and Coconut (per tin) Rs 1,700-1,750.

Non-edible oils: Linseed Rs 9,250, Castor Rs 9,450-9,550, Neem Rs 5,350-5,450.