Groundnut, mustard oils edge up in mixed trend

In a mixed pattern of trading, groundnut and mustard oils firmed up on the back of pick up in demand from retailer and millers at the wholesale oils and oilseeds market during the week.
However, other edible edible oils eased due to subdued demand at prevailing levels amid a weak global trend.
Meanwhile, palm oil fell 1,867 ringgit (USD 439), the lowest level at close since February 2009 on the Malaysian Derivatives Exchange.
Market remained closed on Saturday on account of "Raksha Bandhan".
Castor oil in the non-edible section, eased on reduced offtake by consuming industries.
Traders said rising demand from retailers mainly led to rise in groundnut and mustard oil prices.

In the national capital, groundnut mill delivery (Gujarat) oil edged up Rs 50 to Rs 8,900 per quintal, while groundnut solvent refined gained Rs 25 at Rs 1675-1725 per tin.

Mustard expeller (Dadri) oil also went up Rs 50 to Rs 7,600 per quintal on increased offtake by local parties. Mustard pakki and kachi ghani oils were up by Rs 30 each to Rs 1,300-1,350 and Rs 1,350-1,450 per tin respectively.
On the other hand, sesame mill delivery oil lacked necessary buying support and eased Rs 100 to Rs 7,900 per quintal.
Tracking a weak global trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined Rs 50 each to Rs 6,400 and Rs 6,100, while crude palm oil traded lower by a similar margin to Rs 4,150 per quintal respectively.

Palmolein (rbd) and palmolein (Kandla) oils drifted by Rs 100 each to Rs 5,200 and Rs 5,100 per quintal respectively.
Among non-edible, castor oil weakened by Rs 50 to Rs 9,700-9,800 per quintal on reduced offtake by consuming industries.