Palmolein, sesame oils up on millers buying, global cues

NEW DELHI: Palmolein and sesame oil prices rose up to Rs 200 per quintal on the wholesale oils and oilseeds market today on buying by vanaspati millers amid a firming global trend.


Linseed oil also moved up on increased offtake by paint industries.

The sentiment bolstered as palm oil traded at nearly one month high in global markets on speculation that stockpiles in Malaysia, the world's second-biggest producer, may decline as output drops and exports increase.

Meanwhile, palm oil for the contract for delivery in June rose 1 per cent to USD 796 a tonne, the highest level since February 25 on the Malaysia Derivatives Exchange.

In the national capital, sesame mill delivery oil shot up by Rs 200 to Rs 11,750, while palmolein (rbd) and palmolein (Kandla) oils up by Rs 50 each at Rs 7,100 and 6,600 per quintal, respectively.

In the non-edible section, linseed oil went up by Rs 50 to Rs 6,550 per quintal.