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Edible oils end on mixed note

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Press Trust of India New Delhi
Last Updated : Oct 18 2014 | 12:31 PM IST
The wholesale oils and oilseeds market ended the week on a mixed note as the commodity strengthened on the back of festive season demand while a few others remained weak on adequate stocks position on higher supplies.
In the non-edible section, castor oil eased due to reduced offtake by consuming industries.
Traders said fresh buying support from vanaspati millers to meet ongoing festive season demand mainly led to the rise in select edible oil prices but adequate stocks position kept pressure on other edible oils.
Meanwhile, the country's vegetable oil imports rose by 21 per cent to 10.47 lakh tonnes in September from the year-ago period, industry body SEA said.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils which remained steady for the major part of week found buying support at the fag-end and ended higher by Rs 50 each to Rs 7,250 and Rs 6,150 per quintal, respectively.
Sesame mill delivery oil followed suit and gained Rs 50 at Rs 8,350 per quintal.

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Groundnut mill delivery (Gujarat) oil, after moving both ways in restricted activity, finally closed steady at Rs 7,600 per quintal.
On the other hand, Palmolein (rbd) and palmolein (Kandla) oils fell by Rs 200 each to Rs 5,700 and Rs 5,500, while crude palm oil (ex-kandla) ended lower by Rs 100 at Rs 4,700 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and declined by Rs 150 each to Rs 6,500 and Rs 6,200 per quintal, respectively.
In the non-edible section, castor oil moved down by Rs 100 to Rs 9,600-9,700 per quintal.

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First Published: Oct 18 2014 | 12:31 PM IST

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