Select edible oils up on millers buying, global cues

Select edible oil prices moved up by Rs 50 per quintal on the wholesale oils and oilseeds market on increased buying by vanaspati millers for the marriage season amid a firm global trend.
However, non-edible oils held steady in thin trade.
Marketmen said increased buying by vanaspati millers for the marriage season amid a firm global trend on concern that dry weather in Brazil may damage soybean crop in the world's biggest exporter, trimming global cooking oil inventories,boosting the sentiment.
Meanwhile, palm oil for April delivery increased 0.9 per cent to 782 dollar a metric tonne on the Malaysia Derivatives Exchange.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 7,450 and Rs 7,150, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,200 per quintal respectively on global cues.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and traded higher by similar margin to Rs 6,550 and Rs 6,150 per quintal respectively.
Coconut oil also strengthened by Rs 50 to Rs 1600-1650 per tin on Southern region advices.