Select edible oils strengthen on millers buying, retail demand

The wholesale oils and oilseeds market remained firm for yet another week as select edible oils prices strengthened further on continued buying by vanaspati millers and retailers to meet ongoing marriage season demand.
Linseed oil in the non-edible section also edged higher on increased offtake by consuming industries.
Traders said sustained buying by vanaspati millers and retailers, driven by ongoing wedding season demand against tight supplies from producing regions, mainly influenced select edible oil prices.
In the national capital, mustard expeller (Dadri) and groundnut mill delivery (Gujarat) oils gained Rs 50 each to Rs 7,350 and Rs 7,450, while cottonseed mill delivery (Haryana) oils advanced by Rs 100 to Rs 6,400 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils in line with overall trend, gained Rs 50 each to Rs 7,600 and Rs 7,400 per quintal respectively. Palmolein (rbd) and palmolein (Kandla) oils up by the same margin to Rs 6,950 and Rs 6,600 per quintal, respectively.
On the other hand, sesame mill delivery oil remained weak and lost Rs 300 at Rs 9,300 per quintal.
In the non-edible section, linseed oil on the back of buying support from paint industries and ended higher by Rs 50 to Rs 7,450 per quintal.