Select edible oils extend gains on millers buying

Continuing their upward journey, select edible oils registered further gains at the wholesale oils and oilseeds market during the week on sustained buying by vanaspati millers and retailers, driven by wedding season demand.
A few oils, in the non-edible section, also moved up on increased offtake by consuming industries.
Traders said apart from sustained buying by vanaspati millers and retailers to meet rising wedding season demand against restricted supplies from producing belts, a better global trend also influenced edible oil prices.
In the national capital, Groundnut mill delivery(Gujarat) and cottonseed mill delivery (Haryana) oils advanced by Rs 100 and Rs 50 to Rs 8,350 and Rs 5,750 per quintal respectively. Mustard expeller (Dadri) oil rose by Rs 50 to Rs 7,900 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils were also in demand and added another Rs 100 each to Rs 6,850 and Rs 6,550.
Crude palm oil (ex-kandla) inched up by Rs 50 to Rs 4,250 per quintal on positive global cues.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and strengthened by Rs 100 each to Rs 6,000 and Rs 5,800 per quintal, respectively.
In the non-edible section, castor and linseed oils ended Rs 50 each higher at Rs 9,750-9,850 and Rs 8,350 per quintal respectively on rising demand from consuming industries.