Palmolen oil edges up on scattered demand

Palmolein oil prices edged higher by Rs 100 per quintal in an otherwise steady wholesale oils and oilseeds market today on mild demand from retailers.

Castor and linseed oils in the non-edible section, also traded higher on increased offtake by consuming industries.

Traders attributed the rise in palmolein oil prices to some demand from retailers.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils were up by Rs 100 each to Rs 6,900 and Rs 6,950 per quintal, respectively.

In the non-edible section, linseed and castor oil also enquired higher by Rs 100 each to Rs 9,250 and Rs 7,800-7,900 per quintal respectively.

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