Edible oils exhibits mixed trend

The wholesale oils and oilseeds market displayed a mixed trend during the week as select edible oils strengthened on sustained buying by vanaspati millers while a few others eased on adequate stocks position against subdued demand.
A similar trend was noticed in the non-edible section as linseed oil moved up on increased demand from paint industries and castor oil eased owing to reduced industrial offtake.
Traders said sustained buying by vanaspati millers to meet wedding season demand led to the rise in select edible oil prices but adequate stocks position kept pressure on other oils such as seasame, mustard and coconut oils.

Meanwhile, country's palm oil imports rose by five per cent to 8,36,447 tonnes in December 2014 compared to November 2014 due to cheaper shipments from Indonesia and Malaysia, Solvent Extractors' Association (SEA) said.
In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils advanced by Rs 100 each to Rs 8,450 and Rs 5,900 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also moved up by Rs 100 each to Rs 6,950 and Rs 6,650 per quintal respectively.

On the other hand, sesame mill delivery oil lacked necessary buying support and declined by Rs 100 to Rs 7,600 per quintal.

Mustard expeller (Dadri) oil after moving both ways on buying and selling, settled lower by Rs 20 to Rs 7,880 per quintal.
Coconut oil eased to Rs 2,350-2,400 from last close of Rs 2,550-2,600 per tin on lower advices from Southern region.
In the non-edible section, linseed oil found buying support from paint industries and ended higher by Rs 50 to Rs 8,400 per quintal.
However, castor oil met with resistance and shed Rs 50 to Rs 9,700-9,800 per quintal.