The wholesale oil and oilseeds market depicted a mixed trend during the week with prices of select edible oils moving up on increased buying by vanaspati millers following pick up in demand, while a few others remained weak on adequate stocks position.
Linseed oil in the non-edible section, strengthened on increased offtake by consuming industries.
Traders said increased buying by vanaspati millers to meet rising demand from retailers against restricted supplies from producing regions amid firm trend overseas mainly led to rise in select edible oil prices.
In the national capital, mustard expeller (Dadri) oil rose by Rs 50 to Rs 7,950 per quintal.
Palmolein (RBD) and palmolein (Kandla) oils rose by Rs 100 each to Rs 5,800 and Rs 5,850 per quintal, respectively on global cues.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and edged up by Rs 50 each to Rs 6,800 and Rs 6,400 per quintal, respectively.
On the other hand, groundnut mill delivery (Gujarat) oil dropped by Rs 400 to Rs 8,000 per quintal. Groundnut solvent refined traded lower by Rs 100 to Rs 1,450-1,550 per tin.
Sesame mill delivery oil also shed Rs 100 to Rs 7,700 per quintal.
In the non-edible section, linseed oil edged up by Rs 50 to Rs 8,750 per quintal on fresh enquiries from paint industries, while castor oil held steady at Rs 9,000-9,100 per quintal during the period. (MORE)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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