Select edible oils on firmer footing as demand picks up

Select edible oil prices rose at the wholesale oil and oilseed market during the week on increased buying by vanaspati millers and retailers to meet rising demand against tight supplies from producing belts.
A few oils in the non-edible section also moved up on increased offtake by consuming industries.
Traders said increased buying by vanaspati millers and retailers, driven by rising demand amid limited supplies from producing belts, mainly kept select edible oil prices firm.
In the national capital, mustard expeller (Dadri) oil rose Rs 250 to Rs 7,200 per quintal. Mustard pakki and kachi ghani oils traded higher by Rs 50 each at Rs 1,250-1,300 and Rs 1300-1400 per tin, respectively.

Sesame and cottonseed mill delivery (Haryana) oils also moved up by Rs 100 and Rs 50 to Rs 8,100 and Rs 5,650 per quintal respectively.
In line with a general firm trend, palmolein (RBD) and palmolein (Kandla) oils edged up Rs 50 each to Rs 5,750 and Rs 5,650 per quintal, respectively.

On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved in a tight range on alternate bouts of buying and selling and settled at last level of Rs 6,700 and Rs 6,400 per quintal, respectively.
Groundnut mill delivery (Gujarat) oil also held steady at Rs 8,750 per quintal.

In the non-edible section, castor and linseed oils rose Rs 50 each to Rs 9,950-10,050 and Rs 8,450 per quintal, respectively, on increased offtake by consuming industries.