Select edible oils up on millers, retailers buying

Image
Press Trust of India New Delhi
Last Updated : Jul 19 2014 | 12:49 PM IST
In a mixed pattern of trading, select edible oils extended gains on increased buying by vanaspati millers and retailers while a few others remained weak on sufficient supplies.
However, non-edible oils continued to move in a tight range in the absence of worthwhile activity settled around previous levels.
Traders said increased buying by vanaspati millers and retailers mainly pushed up prices of select edible oils but few others remained under pressure on increased supplies.
Meanwhile, India imported 5,98,247 tonnes of palm oil in June, the second biggest shipments so far this calendar year, according to the Solvent Extractors' Association.
In the national capital, Mustard expeller (Dadri) and sesame delivery oils remained in demand and added another Rs 50 and Rs 100 to Rs 7,050 and Rs 9,100 per quintal, respectively.
Mustard pakki and kachi ghani oils moved in a tight range in limited deals and settled at previous levels of Rs 1,250-1,300 and Rs 1,300-1,400 per tin respectively.
Cottonseed mill delivery (Haryana) oil also gained Rs 50 to Rs 6,550 per quintal.
On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils remained weak and shed another Rs 50 each to Rs 6,900 and Rs 6,600 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and enquired lower by similar margin to Rs 6,200 and Rs 6,000 per quintal, respectively.
In the non-edible section, linseed, castor and neem oils traded in a narrow range in limited deals and settled at last level of Rs 7,750, Rs 9,600-9,700 and Rs 5,350-5,450 per quintal respectively.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2014 | 12:49 PM IST

Next Story