Select edible oils up on pick-up in demand

Select edible oil prices recovered at the wholesale oil and oilseeds market during the week on emergence of buying by vanaspati millers, driven by pick-up in demand from retailers against tight supplies.

However, non-edible oils moved in a narrow range in limited deals and pegged at last levels.

Traders said increased offtake by vanaspati millers to meet rising demand from retailers against tight stocks position on fall in supplies from producing regions, mainly led to rise in select edible oil prices.

In the national capital, mustard expeller (Dadri) edged up by Rs 50 to Rs 7,700 per quintal.

Sesame and cottonseed mill delivery (Haryana) oils went up by Rs 100 each to Rs 9,600 and Rs 7,300 per quintal, respectively.

Palmolein (RBD) and palmolein (Kandla) oils also strengthened by Rs 50 each to Rs 7,100 and Rs 7,150 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils too finished higher by Rs 50 each to Rs 7,650 and Rs 7,250 per quintal respectively.

In the non-edible section, castor and linseed oil moved in a narrow range in scattered deals from consuming industries and settled at previous levels of Rs 7,100-7,200 and Rs 9,000 per quintal, respectively.