Select edible oils up in mixed trading

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Press Trust of India New Delhi
Last Updated : May 31 2014 | 12:19 PM IST
The wholesale oils and oilseeds market displayed a mixed trend during the week as edible oils recovered on scattered buying by retailers, while a few others remained weak on adequate stocks on higher supplies.
Linseed oil, in the non-edible section, strengthened on increased offtake by consuming industries.
Traders said increased buying by retailers to meet rising demand mainly attributed rise in select edible oil prices.
They said, however, mustard, palmolein and crude palm oils were under pressure on adequate stocks on persistent supplies.
In the national capital, groundnut mill delivery (Gujarat) recovered by Rs 50 to Rs 7,250 per quintal, while groundnut solvent refined held steady at Rs 1,260-1,280 per tin.
Sesame and cottonseed mill delivery (Haryana) oils moved up by Rs 100 and Rs 50 to Rs 9,000 and Rs 6,150 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) traded higher by Rs 100 each to Rs 6,900 and Rs 6,600 per quintal respectively.
Coconut oil also moved up to Rs 2,650-2,780 from previous level of Rs 2,500-2,550 per tin.
On the other hand, mustard expeller (Dadri) oil remained weak and shed another Rs 100 Rs 6,550 per quintal but mustard pakki and kachi ghani oils ruled steady at Rs 1,100-1,150 and Rs 1,150-1,250 per tin on some buying support.
Palmolein (rbd) and palmolein (Kandla) oils declined by Rs 100 and Rs 50 to Rs 6,200 and Rs 6,000 per quintal. Crude palm oil (ex-kandla) fell by Rs 100 to Rs 5,550 per quintal.
In the non-edible section, linseed oil advanced by Rs 100 to Rs 7,700 per quintal.
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First Published: May 31 2014 | 12:19 PM IST

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