Mixed trend in edible oils; non-edible oils end higher

The wholesale oils and oilseeds market displayed a mixed trend during the past week as select edible oil prices rose on increased buying by vanaspati mills and retailers while a few others remained weak on adequate stocks position.
A few oils in the non-edible section rose on increased demand from consuming industries.
Traders said increased buying by vanaspati millers and retailers to meet ongoing marriage season demand mainly led to rise in select edible oil prices.
Adequate stocks position kept pressure on other edible oil prices, they said.
Meanwhile, vegetable oil imports have risen by 18 per cent to 10.67 lakh tonnes in December 2013, due to purchase of cheaper sunflower oil from overseas and anticipation of hike in import duty.

In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils recovered by Rs 100 each to Rs 8,000 and Rs 6,300 per quintal respectively.

Mustard expeller (Dadri) and sesame mill delivery oils also moved up by Rs 100 each to Rs 7,300 and Rs 11,500 per quintal, respectively.
On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils fell further by Rs 100 each to Rs 7,100 and Rs 6,800, while crude palm oil(ex-kandla) traded lower by the same margin to Rs 5,200 per quintal, respectively.
Palmolein (rbd) and palmolein (kandla) lost Rs 100 each at at Rs 6,200 and Rs 5,800 per quintal,respectively.

In the non-edible section, linseed oil which remained steady major part of week, met with fresh buying support from consuming industries and ended higher by Rs 50 to Rs 7,250 per quintal. Neem oil traded higher by Rs 50 to Rs 5,250-5,350 per quintal on increased offtake by soap manufacturers.