Select edible oils remain higher on millers buying

Select edible oils extended gains for the second straight week at the wholesale oils and oilseeds market following increased buying by vanaspati millers and retailers against tight supplies.
In the non-edible segment, castor oil strengthened on increased demand from consuming industries.
Traders said increased buying by vanaspati millers and retailers to meet rising demand against tight supplies mainly strengthened select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil added another Rs 50 to Rs 7,500 per quintal, while groundnut solvent refined after moving in a narrow range in scattered deals, ended steady at Rs 1,275-1,350 per tin.

Mustard expeller (Dadri) and sesame delivery oils also moved up by Rs 150 each to Rs 6,950 and Rs 8,800 per quintal, respectively.
In line with overall trends, cottonseed mill delivery (Haryana) oil too traded in positive zone with a rise of Rs 50 at Rs 6,450 per quintal. Mustard pakki and kachi ghani oils remained flat at Rs 1,200-1,250 and Rs 1,250-1,350 per tin, respectively.

On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils after trading in a tight range on some support and close at last levels of Rs 7,000 and Rs 6,700 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils followed suit and closed unchanged at Rs 6,300 and Rs 6,100 per quintal, respectively.
In the non-edible section, castor oil rose further by Rs 50 to Rs 9,550-9,650 and Rs 7,750 per quintal, while linseed oil moved in a tighg range and settled around previous level of Rs 7,750 per quintal.