Mixed conditions developed on the wholesale oils and oilseeds market during the past week with prices of select edible oils rising on sustained buying by stockists and retailers driven by the ongoing wedding season, while a few others eased on higher supplies.
A similar trend was noticed in non-edible section as linseed oil declined owing to lack of demand from paint industries while castor oil rose on increased industrial offtake.
Traders said increased buying by vanaspati millers and retailers to meet wedding season demand, helped select edible oil prices to strengthen, while adequate stocks following higher supplies kept pressure on other.
In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils rose by Rs 150 each to Rs 7,500 and Rs 7,200 per quintal respectively.
Palmolein (rbd) and palmolein (Kandla) oils ended higher by Rs 50 each to Rs 6,800 and Rs 6,450 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also inched up by Rs 50 each to Rs 7,500 and Rs 7,300 per quintal respectively.
On the other hand, sesame mill delivery and cottonseed mill delivery lacked necessary follow up support and declined by Rs 100 and Rs 50 to Rs 9,900 and Rs 6,200 per quintal respectively.
In the non-edible section, castor oil rose by Rs 50 to Rs 9,450-9,550 per quintal on increased industrial offtake and linseed oil traded lower by Rs 50 to Rs 7,400 per quintal.
