Edible oils show mixed trends

The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils advanced on rising demand from retailers, while a few others eased on adequate stocks position against muted demand.

Castor oil in the non-edible oil section fell further on reduced offtake by consuming industries.

Markets remained closed on Monday for Gandhi Jayanti.

Marketmen said rising demand from retailers in view of festive season against restricted restricted supplies from producing regions mainly led to rise in select edible oil prices but ample stocks position against easing demand kept other prices down.

In the national capital, mustard expeller (Dadri) oil edged up by Rs 50 to Rs 8,000 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils also went up by Rs 50 each to Rs 6,050 and Rs 6,100 per quintal, respectively.

On the other hand, groundnut mill delivery (Gujarat) oil slipped by Rs 200 to Rs 8,500 per quintal, while groundnut solvent refined held steady at Rs 1,600-1,700 per tin.

Groundnut solvent refined followed suit and ended higher by Rs Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also fell by Rs 100 each to Rs 6,800 and Rs 6,400 per quintal respectively.

In the non-edible section, castor oil remained weak and shed another Rs 100 to Rs 9,100-9,200 per quintal. (MORE)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)