Select edible oils recover on uptick in millers demand

Prices of select edible oils recovered at the wholesale oil and oilseeds market during the week, driven by pick up in demand from vanaspati millers and retailers in view of ongoing wedding season against tight supplies.
Linseed oil, in the non-edible section, also showed some strength on increased offtake by paint industries.
Traders said besides pick up in demand from vanaspati millers and retailers to meet ongoing marriage season demand, tight stocks position on fall in supplies from producing regions mainly helped recovery in select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 200 to Rs 10,200 per quintal.

Mustard expeller (Dadri) oil edged up by Rs 50 to Rs 8,500 per quintal.
Palmolein (RBD) and palmolein (Kandla) went up by Rs 50 each to Rs 6,300 and Rs 6,350 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and traded higher by a similar margin to Rs 6,950 and Rs 6,650 per quintal respectively.
In the non-edible section, linseed oil traded higher by Rs 50 to Rs 9,900 per quintal.