Edible oils remain higher on increased demand

Edible oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on increased buying by vanaspati millers and retailers to meet the marriage season demand.
However, non-edible oils continued to trade in a tight range on scattered enquiries from consuming industries and settled around previous levels.
Traders said fresh buying by vanaspati millers and retailers to meet the marriage season demand mainly led to rise in edible oil prices.
In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils rose by Rs 50 each to Rs 7,250 and Rs 6,250 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also moved up by Rs 50 each to Rs 7,550 and Rs 7,350, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,750 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils too traded in positive zone with a gain of Rs 50 each at Rs 6,850 and Rs 6,500 per quintal, respectively.