Select edible oils rise on millers buying

Select edible oil prices rose on the wholesale oils and oilseeds market during the week on the back of sustained buying by vanaspati millers and retailers to meet rising demand.
However, castor oil in the non-edible section, eased owing to reduced offtake by consuming industries.
Traders said continued buying by vanaspati millers and retailers to meet rising demand following wedding season amid restricted arrivals from producing regions, mainly led to rise in select edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils rose by Rs 50 each to Rs 7,500 and Rs 7,400, while cottonseed mill delivery (Haryana) oils edged up by Rs 25 to Rs 6,425 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils also displayed strength and traded higher by Rs 50 each to Rs 7,000 and Rs 6,650 per quintal, respectively.
On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved in a narrow range in limited deals and settled at last levels of Rs 7,600 and Rs 7,400 per quintal, respectively.
In tune with overall trends, sesame mill delivery and crude palm oil (ex-kandla) oils also remained steady at Rs 9,300 and Rs 5,750 per quintal, respectively.
In the non-edible section, castor oil declined by Rs 50 to Rs 9,450-9,550 per quintal on reduced industrial offtake.