Edible oils rise on fresh millers' buying

Edible oil prices firmed by up to Rs 200 per quintal at the wholesale oils and oilseeds market today on pick up in demand by Vanaspati millers.

Castor oil in the non-edible section also recovered on uptick in demand from consuming industries.

Traders said, increased buying by Vanaspati millers against restricted supplies from producing belts, mainly attributed the rise in edible oil prices.

In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils went up by Rs 100 and Rs 50 to Rs 9,500 and Rs 8,200 per quintal, respectively.

Cottonseed mill delivery (Haryana) and sesame mill delivery oils hardened by Rs 100 and Rs 200 to Rs 7,700 and Rs 10,200 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils also finished higher by Rs 50 each to Rs 6,700 and Rs 6,750 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils, too, edged up by a similar margin to Rs 7,700 and Rs 7,300 per quintal, respectively.

In the non-edible section, castor oil traded higher by Rs 100 to Rs 7,400-7,500 per quintal.

Following are today's quotations (in Rs per quintal):
Edible oils: Groundnut mill delivery (Gujarat) Rs 9,500, Groundnut Solvent Refined (per tin)