Edible oils see a mixed trend
The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils fell further lower owing to slackened demand against adequate stocks position, while a few others edged up on scattered buying from retailers.
Market remained closed on Monday on account of 'Raksha Bandhan'.
Castor oil in the non-edible oil section, ended lower on reduced offtake by consuming industries.
Marketmen said muted demand against ample stock position on increased supplies from producing regions mainly kept pressure on select edible oil prices but mild demand from retailers helped some other edible oils to end higher.
Meanwhile, the government on Friday hiked the import duty on crude palm oil to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb cheaper shipments and boost local prices for supporting domestic farmers and refiners.
In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 200 to Rs 8,500 per quintal.
Groundnut solvent refined followed suit and eased by Rs 50 to Rs 1,550-1,650 per tin.
Mustard expeller (Dadri) oil also shed Rs 50 at Rs 7,650 per quintal.
On the other hand, palmolein (rbd) and palmolein (Kandla) oils went up by Rs 50 each to Rs 5,300 and Rs 5,350 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils finished higher by Rs 50 each to Rs 6,650 and Rs 6,250 per quintal, respectively.
In the non-edible section, castor oil declined by Rs 50 to Rs 8,900-9,000, while linseed oil moved in a narrow range on lack of worthwhile activity from consuming industries and finished at last week's levels of Rs 8,800 per quintal, respectively. (MORE)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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