Edible oils up on increased buying by millers, retailers

Edible oil prices firmed up at the wholesale oils and oilseeds market during the week following increased offtake by vanaspati millers and retailers to meet the coming festive season demand.
In the non-edible segment, linseed oil strengthened on increased enquiries from paint makers and other consuming industries.
Traders said pick up in buying by vanaspati millers and retailers to meet upcoming festive season demand mainly led to the rise in edible oil prices.
They said tight supplies following restricted arrivals from producing regions also boosted the sentiment.
Meanwhile, India's vegetable oil imports touched 13.33 lakh tonnes in August this year, highest in last two decades, on record shipment of soyabean oil, industry body SEA said today.

In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils were up by Rs 200 and Rs 100 to Rs 7,500 and Rs 7,300 per quintal respectively on rising demand from retailers

Sesame mill delivery and cottonseed mill delivery (Haryana) oils in line with overall trends also moved up by Rs 100 and Rs 150 to Rs 8,300 and Rs 6,250 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils shot up by 200 each to Rs 6,500 and Rs 6,200, while crude palm oil (ex-kandla) enquired higher by Rs 100 at Rs 4,800 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils followed suit and gained Rs 200 each to Rs 5,900 and Rs 5,700 per quintal, respectively.
In the non-edible section, linseed oil strengthened by Rs 150 to Rs 8,000 per quintal on increased demand from paint industries.