Mustard oil climbs in mixed trend

In brief three-day activity, the oils and oilseeds market ended on a mixed note during the week as select edible oil prices led by mustard firmed up on the back of surge in demand from retailers, triggered by Diwali festival, while a few others receded on adequate stocks position.
A similar trend was extended to non-edible section with linseed oil moving up on increased demand from paint industries. Castor oil eased on reduced industrial offtake.
Market remained closed on Wednesday, Thursday and Friday for Diwali, Vishkarma day and Bhai Dooj respectively.
Traders said pick up in demand retailers driven by festive and wedding season against restricted supplies from producing belts mainly led to rise in select edible oil prices.

Demand for mustard oil usually goes up during Diwali festival and winter season, they said.
In the national capital, mustard expeller (Dadri) oil spurted by Rs 250 to Rs 8,500 per quintal, while mustard pakki and kachi ghani oils also strengthened to Rs 1,500-1550 per and Rs 1,550-1,650 per tin respectively as against previous closing of Rs 1,445-1,495 and Rs 1,485-1,585 per tin.

Groundnut mill delivery (Gujarat) oil also edged up by Rs 50 to Rs 9,100 per quintal.
On the other hand, soyabean mill delivery (Indore) and soyabean degum (Kandla) oils which remained steady for the major part of week, at the fag-end met with resistance and shed Rs 50 each to Rs 6,700 and Rs 6,400 per quintal respectively.

In the non-edible section, linseed oil rose by Rs 50 to Rs 9,000 per quintal on increased demand from paint industries, while castor oil eased by Rs 50 to Rs 9,850-9950 per quintal on reduced industrial offtake.