Groundnut, palmolein oil prices rise on millers buying

NEW DELHI, Apr 23: Prices of groundnut and palmolein oil rose by up to Rs Rs 100 per quintal at the wholesale oils and oilseeds market today on emergence of vanaspati millers buying.
However, non-edible oils held steady in thin trade.
Traders said pick up in buying by vanaspati millers to meet rising demand from retailers against restricted arrivals from producing belts led to rise in groundnut and palmolein oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 100 to Rs 8,700 per quintal. Groundnut solvent refined followed suit and traded higher by Rs 25 to Rs 1,725-1,825 per tin.
Palmolein (RBD) and palmolein (Kandla) oils also moved up by Rs 50 each to Rs 7,200 and Rs 7,250 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 800-1,000.
Edible oils: Groundnut Mill Delivery (Gujarat) Rs 8,700, Groundnut Solvent Refined (per tin) Rs 1,725-1,825, Mustard expeller (Dadri) Rs 7,800, Mustard Pakki Ghani (per tin) Rs 1,300-1,345, Mustard Kachi Ghani (per tin) Rs 1,350-1,450, Sesame Mill delivery Rs 8,900, Soybean Refined Mill Delivery (Indore) Rs 7,700, Soybean Degum (Kandla) Rs 7,300, Crude Palm Oil (Ex-Kandla) Rs 5,400, Cottonseed Mill Delivery (Haryana) Rs 6,900, Palmolein (RBD) Rs 7,200, Palmolein (Kandla) Rs 7,250 and Coconut (per tin) Rs 3,100-3,150.
Non-edible oils: Linseed Rs 9,000, Castor Rs 7,300-7,400, Neem Rs 5,350-5,450. (PTI)