Select edible oils up on retailers demand
Prices of select edible oil rose at the wholesale oils and oilseeds market during the week on pick up in demand from vanaspati units as well as retailers.
However, groundnut oil finished lower on reduced offtake.
Castor oil, in the non-edible section, edged up on uptick in demand from consuming industries.
Market remained closed on Tuesday on account of Independence Day.
Traders said besides pick up in demand from vanaspati millers and retailers, fall in supplies from producing regions, mainly led to the rise in select edible oil prices.
Meanwhile, vegetable oil imports rose 34 per cent during July to 15.24 lakh tonnes on higher shipments of cheaper refined palm oil and rupee appreciation in the last six months, according to industry data.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils edged up by Rs 100 and Rs 50 to Rs 7,750 and Rs 6,400 per quintal, respectively.
Palmolein (RBD) and palmolein (Kandla) oils also went up by Rs 150 each to Rs 5,450 and Rs 5,500 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean refined (Kandla) oils too finished higher by Rs 100 each to Rs 6,750 and Rs 6,350 per quintal, respectively.
On the other hand, groundnut mill delivery (Gujarat) oil lacked necessary buying support and shed Rs 100 to Rs 8,400 per quintal.
In the non-edible section, castor oil traded higher by Rs 100 to Rs 9,050-9,150 per quintal on increased demand from consuming industries, while linseed held steady at 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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