Edible oils rise on millers, retailers buying

Edible oils regained strength and prices rose up to Rs 100 per quintal at the wholesale oils and oilseeds market during the week under review following emergence of buying by vanaspati millers and retailers to meet rising demand.
A few oils in the non-edible section, also showed some strength and closed higher on increased demand from consuming industries.
Traders said revival of buying by vanaspati millers and retailers to meet wedding season demand against restricted arrivals from producing belts mainly led to a rise in edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil moved up by Rs 100 to Rs 7,600 per quintal, while groundnut solvent refined rose by Rs 50 to Rs 1,350-1,400 per tin.

Mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils were up by Rs 100 each to Rs 7,300 and Rs 6,100 per quintal respectively. Sesame mill delivery oil also met with buying and gained Rs 50 to Rs 8,400 per quintal.
In line with a general firm trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils traded higher by Rs 100 each to Rs 6,500 and Rs 6,200 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and edged higher by Rs 50 each to Rs 5,650 and Rs 5,450 per quintal, respectively.
In the non-edible section, linseed oil rose by Rs 50 to Rs 8,150 per quintal on increased demand from paint units. Castor oil moved up by Rs 50 to Rs 9,650-9,750 per quintal on increased industrial offtake.