Mustard, groundnut oils extend gains in mixed trend

In a mixed pattern of trading, prices of mustard and groundnut oils rose further at the wholesale oils and oilseeds market during the week on continued buying by retailers while a few others turned bearish on subdued demand against adequate stocks position.
However, non-edible oils moved in a narrow range in scattered deals from consuming industries and settled around previous levels.
Traders said sustained buying by retailers to meet seasonal demand mainly led to the rise in mustard and groundnut oil prices.
Adequate stocks position on increased arrivals from producing regions against sluggish demand kept pressure on other edible oil prices.

In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils remained in demand and advanced by Rs 50 each to Rs 7,650 and Rs 7,150 per quintal respectively.
Mustard pakki and kachi ghani oils after moving in tight range on some support, settled at last levels of Rs 1,225-1,275 and Rs 1,275-1,375 per tin respectively.

On the other hand, sesame mill delivery and cottonseed mill delivery (Haryana) oils lacked necessary follow-up support and fell by Rs 300 and Rs 50 to Rs 8,900 and Rs 6,450 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also shed Rs 50 each to Rs 6,900 and Rs 6,600, while crude palm oil (ex-kandla) held steady at Rs 5,300 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils too ended lower by Rs 50 each to Rs 6,200 and Rs 6,000 per quintal, respectively.
In the non-edible section, linseed, castor and neem oils moved in a tight range on lack of worthwhile activity from consuming industries and settled at last week's levels of Rs 7,750, Rs 9,650-9,750 and Rs 5,350-5,450 per quintal respectively.