Select edible oils strengthen in mixed trend

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Press Trust of India New Delhi
Last Updated : Nov 04 2017 | 12:32 PM IST
In a mixed pattern of trading at the wholesale oils and oilseeds market during the week select edible oil prices strengthened on rising demand from vanaspati millers and retailers while a few other remained weak.
Castor oil in the non-edible section, slipped on reduced offtake by consuming industries.
Traders said besides rising demand from vanaspati millers and retailers, restricted supplies from producing regions mainly kept select edible oil prices higher.
Markets remained closed on Saturday on account of "Guru Nanak Jayanti".
In the national capital, palmolein (RBD) and palmolein (Kandla) oils rose by Rs 50 each to Rs 6,100 and Rs 6,150 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also edged up by a similar margin to Rs 7,100 and Rs 6,700 per quintal respectively.
Sesame mill delivery oil too went up by Rs 200 to Rs 7,900 per quintal.
On the other hand, groundnut mill delivery (Gujarat) oil declined by Rs 100 to Rs 8,900 per quintal, while groundnut solvent refined held steady at Rs 1,650-1,750 per tin.
Mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils drifted lower by Rs 100 and Rs 50 to Rs 7,850 and Rs 6,300 per quintal, respectively.
In the non-edible section, castor oil eased to Rs 8,600-8,700 against last close of Rs 8,900-9,000 per quintal, while linseed oil remained unaltered at 8,800 per quintal.

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First Published: Nov 04 2017 | 12:32 PM IST

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