Mixed trend prevails in edible oils market

The wholesale oils and oilseeds market displayed a mixed trend during the week as select edible oils rose on scattered buying by retailers while a few others remained weak on adequate supplies.
Traders said selective buying by retailers to meet rising demand from local parties led to rise in select edible oil prices.
They said, however, a few others such as sesame soyabean mill delivery oils declined on adequate stocks position.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils rose by Rs 50 each to Rs 6,500 and Rs 6,100 per quintal, respectively.
Mustard pakki and kachi ghani oils also ended higher by Rs 50 each at Rs 1,150-1,200 and Rs 1,200-1,300 per tin, respectively.

On the other hand, sesame mill delivery oil suffered the most by falling Rs 300 at Rs 8,500 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils declined by Rs 50 each to Rs 6,750 and Rs 6,450, while crude palm oil (ex-kandla) lost Rs 250 at Rs 5,200 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils weakened by Rs 50 each to Rs 5,950 and Rs 5,750 per quintal, respectively.
Coconut oil, which remained steady for the major part of week, met with resistance and eased to Rs 2,600-2,680 against last close of Rs 2,650-2,740 per tin.

In the non-edible section, castor oil traded lower by Rs 50 at Rs 9,400-9,500 per quintal on reduced industrial offtake.