Edible oils remains up on increased buying

An upward trend continued unabated in select edible oils for the third straight week at the wholesale oils and oilseeds market on persistent buying by vanaspati millers and retailers to meet rising demand against tight supplies.
Castor oil in the non-edible section, also showed some strength on increased demand from consuming industries.
Markets remained closed on Friday on account of 'Shiv Jal Abhishek'.
Traders said sustained buying by vanaspati millers and retailers driven by rising demand amid tight supplies from producing regions mainly attributed the rise in select edible oils prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils moved up by Rs 50 each to Rs 7,600 and Rs 7,100 per quintal respectively. Sesame mill delivery oil moved up by Rs 100 to Rs 9,200 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils recovered by Rs 50 each to Rs 6,950 and Rs 6,650, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,300 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils followed suit and gained Rs 50 each to Rs 6,250 and Rs 6,050 per quintal, respectively.
Coconut oil which remained steady for the major part of week, found buying support at the fag-end and ended higher by Rs 50 to Rs 2,650-2,700 per tin.
In the non-edible section, castor oil rose by Rs 50 to Rs 9,650-9,750 per quintal on increased industrial offtake.