Groundnut mill delivery, palmolein oils up in mixed trade

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Press Trust of India New Delhi
Last Updated : Aug 09 2014 | 12:20 PM IST
The wholesale oils and oilseeds market displayed a mixed trend during the week as select edible oil prices firmed up on sustained buying by retailers while a few others weakened further on adequate stocks position.
In the non-edible section, linseed and castor oils, moved up on increased demand from consuming industries.
Traders said continued buying by retailers to meet festive season demand mainly supportred the upside in select edible oil prices.
They said, however,adequate stocks against subdued demand, kept pressure on other edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil remained in demand and added another Rs 50 to Rs 7,750, while palmolein (rbd) and palmolein (Kandla) oils gained Rs 100 each to Rs 6,300-6,100 per quintal, respectively.
On the other hand, sesame mill delivery and cottonseed mill delivery (Haryana) oils ended Rs 200 and Rs 50 lower at Rs 8,700 and Rs 6,400 per quintal respectively.
However, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved in a narrow range in scattered deals and settled at previous levels of Rs 6,900 and Rs 6,600 per quintal, respectively.
In the non-edible section, linseed and castor oils traded higher by Rs 100 and Rs 50 to Rs 7,850 and Rs 9,700-9,800 per quintal respectively.
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First Published: Aug 09 2014 | 12:20 PM IST

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