Mustard, soyabean oils up on fresh demand

Prices of mustard and soybean oils rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on emergence of buying by Vanaspati millers amid pick-up in retailers demand.

Castor oil in the non-edible section, also recovered on increased offtake by the consuming industries.

Traders said, fresh buying by Vanaspati millers against restricted arrivals from producing belts mainly led to rise in mustard and soybean oil prices.

In the national capital, mustard expeller (Dadri) oil edged up by Rs 50 to Rs 7,700 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also traded higher by Rs 50 each to Rs 7650 and Rs 7250 per quintal, respectively.

In the non-edible section, castor oil also enquired higher by Rs 100 to Rs 7,000-7,100 per quintal.

Following are today's quotations (in Rs per quintal):