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Select edible oils up on millers, retailers buying

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Press Trust of India New Delhi
Last Updated : Jul 19 2014 | 12:49 PM IST
In a mixed pattern of trading, select edible oils extended gains on increased buying by vanaspati millers and retailers while a few others remained weak on sufficient supplies.
However, non-edible oils continued to move in a tight range in the absence of worthwhile activity settled around previous levels.
Traders said increased buying by vanaspati millers and retailers mainly pushed up prices of select edible oils but few others remained under pressure on increased supplies.
Meanwhile, India imported 5,98,247 tonnes of palm oil in June, the second biggest shipments so far this calendar year, according to the Solvent Extractors' Association.
In the national capital, Mustard expeller (Dadri) and sesame delivery oils remained in demand and added another Rs 50 and Rs 100 to Rs 7,050 and Rs 9,100 per quintal, respectively.
Mustard pakki and kachi ghani oils moved in a tight range in limited deals and settled at previous levels of Rs 1,250-1,300 and Rs 1,300-1,400 per tin respectively.

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Cottonseed mill delivery (Haryana) oil also gained Rs 50 to Rs 6,550 per quintal.
On the other hand, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils remained weak and shed another Rs 50 each to Rs 6,900 and Rs 6,600 per quintal, respectively.
Palmolein (rbd) and palmolein (Kandla) oils followed suit and enquired lower by similar margin to Rs 6,200 and Rs 6,000 per quintal, respectively.
In the non-edible section, linseed, castor and neem oils traded in a narrow range in limited deals and settled at last level of Rs 7,750, Rs 9,600-9,700 and Rs 5,350-5,450 per quintal respectively.

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First Published: Jul 19 2014 | 12:49 PM IST

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