Edible oils prices remain mixed this week

Mixed conditions continued for the second straight week at the wholesale oil and oilseeds market as prices of select edible oil drifted lower owing to muted demand from vanaspati millers against adequate stocks position.

However, a few others edged up on scattered enquiries from retailers.

Castor oil in the non-edible section, eased on reduced offtake by consuming industries.

Traders said besides easing demand from vanaspati millers, ample stocks position on increased arrivals from producing belts kept pressure on select edible oil prices, but mild demand from retailers helped a few others to end higher.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 100 to Rs 8,200 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils also declined by Rs 50 each to Rs 7,200 and Rs 7,250 per quintal, respectively.

On the other hand, sesame mill delivery and mustard expeller (Dadri) oils rose by Rs 200 and Rs 50 to Rs 9,500 and Rs 7,700 per quintal respectively.

In the non-edible section, castor oil slipped by Rs 100 to Rs 7,100-7,200 per quintal.