Edible oils trade on a mixed note this week

The wholesale oils and oilseeds market displayed a mixed trend during the week as select edible oils drifted lower owing to slackened demand from vanaspati millers, while a few others edged up on scattered enquiries from retailers.

Castor and linseed oils in the non-edible oil section, slipped on reduced offtake by consuming industries.

Marketmen said besides easing demand from vanaspati millers, adequate stocks position on increased supplies from producing regions led to the decline in select edible oil prices, but mild demand from retailers helped others to end higher.

In the national capital, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 8,400 per quintal. Groundnut solvent refined followed suit and shed Rs 25 to Rs 1,700-1,800 per tin.

Mustard expeller (Dadri) oil also shed Rs 50 to Rs 7,650 per quintal. Mustard pakki and kachi ghani oils slipped in sympathy to Rs 1,275-1,320 and Rs 1,325-1425 from previous levels of Rs 1,300-1,345 and Rs 1,350-1,450 per tin respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too weakened by Rs 50 each to Rs 7,600 and Rs 7,200 per quintal respectively.

On the other hand, palmolein (RBD) and palmolein (Kandla) oils edged up by Rs 50 each to Rs 7,150 and Rs 7,200 per quintal respectively.

Sesame mill delivery oil also went up by Rs 100 to Rs 9,000 per quintal.

In the national capital, castor oil drifted lower by Rs 200 to Rs 7,000-7,100 per quintal. Linseed oil lost Rs 100 to Rs 8,800 per quintal.