Select edible oils remain up on festive season demand

Select edible oil prices strengthened at the wholesale oils and oilseeds market during the week on increased offtake by vanaspati millers and retailers to meet the rising demand amid festive and wedding season.
In the non-edible segment, castor oil rose on increased demand from consuming industries.
Traders said increased buying by vanaspati millers and retailers to meet the festive and wedding season demand mainly led to rise in select edible oil prices.
Furthermore, tight stocks following restricted arrivals from producing regions also boosted sentiment, they said.
In the national capital, groundnut mill delivery (Gujarat) remained in demand and advanced by Rs 50 to to Rs 7,550 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also gained another Rs 50 each to Rs 6,550 and Rs 6,250 per quintal, respectively.

On the other hand, sesame and cottonseed mill delivery (Haryana) oils after moving in a narrow range on scattered enquiries, settled at previous levels of Rs 8,300 and Rs 6,250 per quintal, respectively.
On similar lines, mustard expeller (Dadri) oil moved between gains and losses on alternate bouts of buying and selling and finally settled unchanged level of Rs 7,300 per quintal.
In the non-edible section, castor oil moved up by Rs 50 to Rs 9,650-9,750 per quintal.