Select edible oils remain up during week

Select edible oils continued to rise at the wholesale oils and oilseeds market during the week on the back of sustained buying by vanaspati millers and retailers.
Castor oil in the non-edible section also made further headway on increased offtake by consuming industries.
Oil traders said persistent buying by vanaspati millers and retailers to meet rising demand against fall in supplies from producing belts mainly kept select edible oil prices higher.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils advanced by Rs 50 and Rs 100 to Rs 8,950 and Rs 7,600 per quintal, respectively.

Groundnut solvent refined ended higher by Rs 50 at Rs 1,650-1,700 per tin. Mustard pakki and kachi ghani oils edged up by Rs 20 each to Rs 1,270-1,320 and Rs 1,320-1,420 per tin respectively.
Sesame and cottonseed mill delivery (Haryana) oils also settled higher by Rs 50 and Rs 100 to Rs 8,050 and Rs 5,800 per quintal, respectively.

Palmolein (RBD) and palmolein (Kandla) oils, however, moved in a narrow range on scattered support and finished at last levels of Rs 5,600 and Rs 5,500 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and held steady at Rs 6,600 and Rs 6,300 per quintal, respectively.

Castor oil rose by another Rs 100 to Rs 9,850-9,950 per quintal on increased enquiries, while linseed was well maintained at previous level of Rs 8,450 per quintal in restricted activity.