We have been providing the Oil trading community with a broad spectrum of commodities ranging from Imported
Edible Oils, Domestic Edible Oils to Non-Edible Oils.
Edible Oils
A food substance, other than a dairy product, of whatever origin, source or composition that is manufactured for human consumption wholly or in part from a fat or oil other than that of milk.
NON-EDIBLE OILS
Non-edible oils are not suitable for human food because of the presence of some toxic components. Non edible oils are mainly wastage & By-Products of Edible/ Cooking oil & Refinery Industry and oils of some non edible species seeds.
Palm Oil is an edible Oil which is extracted from the pulp of fruit of Oil palms. The colour of pulp is red. That is why Crude Palm Oil is naturally similar to pulp colour because of high inactive vitamin A content.
Main usage of Crude Palm Oil is for cooking purposes and is largely used in South-East Asia, West Africa and some parts of Brazil. Largest producer of Crude Palm Oil is Indonesia, Malaysia, Nigeria and Columbia. They are major exporters of Palm Oil.
The largest derivatives market for Crude Palm Oil is Bursa Malaysian Derivatives. It's also traded heavily on MCX and NCDEX in India wherein delivery centre is Mumbai. Its prices are affected mainly by demand and supply,
domestic demand, import policy and traff changes.
Soybean contains only a moderate amount of oil has attained a greater importance as an oilseed in the recent years on account of its easy adaptability and resilience for cultivation in a wide variety of climatic conditions as well as its capability to give high yields compared to any other oilseed.
Soybean has become the largest producing oilseed, contributing for nearly 60% of total world oilseeds production. Soybean is reported to be originated from China. Although, Soybean is a native of South Asia, majority of the world's Soybean has been cultivated in the United States as well as in South American countries. In India, Soybean cultivation has picked up momentum during the past 15 years.
Chicago Board of Trading (CBOT) is the largest Soy futures market. In India Soy futures are traded in three forms seed, oil and meal. Major exchanges that offer futures trading in Soy complex include NBOT, NCDEX, MCX and NMCE.
Its price are affected by carryover stocks, expected demand, crop acreage, import and export, government policies and procurement.
In the 1970’s, Canola was created through traditional plant cross-breeding by removing two things found in the rapeseed plant: glucosinolates and erucic acid. Erucic acid was removed because it was believed to be inedible or toxic in high doses. The newly developed plant was renamed "Canola" – a combination of "Canadian" and "Oil" (or ola) to make this difference apparent. If a seed is labelled "Canola" it has to have less than 30 micromoles of glucosinolates and less than 2% of erucic acid.
Following extraction, Canola Oil must be de-gummed to removeunappealing solids that settle during storage. The process involves heat and sometimes the addition of acids. The oil is then bleached and separated. Finally, the oil must be deodorized through heating methods.
Sunflower (Helianthus annuus L.) is one of the most important edible oilseed crops grown in the world. It is popularly known as “Surajmukhi.” The name “Helianthus” is derived from ‘Helios’ meaning ‘sun’ and ‘anthos’ meaning ‘flower’. It’s importance increases as sunflower oil is considered as a heart friendly oil. Sunflower is native of North America but commercialization of the plant took place in Russia. It was only recently that the sunflower plant returned to North America to become a cultivated crop. Sunflower as an oilseed crop was introduced into India in 1969. The major Sunflower producing countries are Russia, Ukraine, Argentina, China, Romania, France, India, Hungary, USA and Spain.
Sunflower Seeds contain up to 42% of oil by weight. Oil is light and supplies more Vitamin E than any other vegetable oil. It is a combination of monounsaturated and polyunsaturated fats with low saturated fat levels.
Its price are affected by carryover stocks, expected demand, crop acreage, import and export, government policies and procurement.
Rice bran oil is the oil extracted from the hard outer brown layer ofrice after chaff (rice husk). It is popular as acooking oil in several Asian countries, including Bangladesh, Japan, India, and China
Palm Fatty Acid Distillate is made from refining Crude Palm Oil. It is used for many industries such as soap industries, animal food industries and also is used as raw materials for bio diesel and chemical industries.
Palm Stearin is the solid fraction of Palm Oil that is produced by partial crystallization at controlled temperature. It is more variable in composition than Palmolein, the liquid fraction of Palm Oil, especially in terms of its solid fat content, and therefore has more variable physical characteristics. Like Crude Palm Oil, Palm Stearin containscarotenoids, but physically Refined Palm Oils do not, as they are removed or destroyed in the refining process.
Rice Bran Fatty Acid is used for many industries such as Soap and Oleochemical Industries.
Glycerine is a by-product of soap manufacture. Oils and fats are structured in the form of three fatty acids (a carbon chain with a carboxyl group on the end) bonded to a molecule of Glycerine (a 3- carbon chain with one hydroxyl group on each carbon). Each of these molecules is called a triglyceride. Soap making uses a alkaline material to turn each triglyceride into three salts of fatty acids and a molecule of Glycerine.
Virmani Group
