Edible oils show mixed trend
Marketmen said rising demand from vanaspati millers against restricted supplies from producing belts mainly kept select edible oil prices higher
The wholesale oils and oilseeds market displayed a mixed trend during the week as select edible oils strengthened on rising demand from vanaspati millers while others remained weak on adequate stocks. Castor oil in the non-edible section eased on reduced offtake by consuming industries.
Market was closed on Friday on account of Holi.
Marketmen said rising demand from vanaspati millers against restricted supplies from producing belts mainly kept select edible oil prices higher. In the national capital, palmolein (rbd) and palmolein (Kandla) oils rose by Rs 50 each to Rs 6,500 and Rs 6,550 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also edged up by a similar margin to Rs 7,800 and Rs 7,400, while crude palm oil (ex-Kandla) traded higher by Rs 50 to Rs 5,350 per quintal.
On the other hand, groundnut mill delivery (Gujarat) oil drifted lower by Rs 100 to Rs 8,600 per quintal. Mustard expeller (Dadri) oil also shed Rs 50 to Rs 7,950 per quintal.
In the non-edible section, castor oil declined by Rs 100 to Rs 7,700-7,800 per quintal.