Edible oils maintained their upward journey for the fifth week in a row on continued buying by vanaspati millers and retailers, driven by ongoing festive season demand amid firming global trend.
A few non-edible oils also showed some strength on the back of increased offtake by stockists to meet rising industrial demand.
Trading sentiment remained bullish on persistent rise in palm oil prices, which surged to almost five-month high levels in Malaysia after a ban on grain exports by the drought-hit Russia sent prices of soybeans and corn soaring.
Increased buying activity in edible oils by millers and retailers in view of the festive season demand also supported the upside in the prices.
Restricted arrivals due to blockage of roads following ongoing kawar yatra was another factor behind rise in edible oil prices.
Meanwhile, palm oil futures for October-delivery added over 7 per cent to $845 a metric tonne during the week on the Malaysia Derivatives Exchange, the highest level since March 10.
In Delhi, groundnut oil (Gujarat) remained in demand and strengthened by Rs 150 to Rs 8,500 per quintal. Groundnut solvent refined traded higher by Rs 50 to Rs 1,450-1,460 per tin.
Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) also picked up and added Rs 50 and Rs 20 to Rs 4,870 and Rs 4,630 per quintal.
Crude palm oil (ex-kandla) and palmolein (rbd) oils followed suit and shot up by Rs 110 and Rs 150 to Rs 3,980 and Rs 4,680 per quintal.
However, mustard expeller oil (Dadri) lacked necessary buying support and declined by Rs 50 to Rs 5,300 per quintal, while its pakki and kachi ghani oils traded marginally higher by Rs 5 each to Rs 710-865 and Rs 865-965 per tin.
Coconut oil also lost Rs 20 to Rs 1,050-1,080 per tin on adequate stocks positions against subdued demand.
Meanwhile, sesame and cottonseed mill delivery oils remained flat throughout the week at Rs 5,900 and Rs 4,500 per quintal in restricted buying.
In the non-edible section, linseed oil gained Rs 50 to Rs 4,150 per quintal on fresh enquiries from paint industries.
Neem oil rose by Rs 50 to Rs 3,750-3,850 per quintal on demand from soap industries, while castor oil shot up by Rs 100 to Rs 7,700-7,800 per quintal.
GRAINS: In restricted activity, wholesale prices of wheat declined during the week on adequate stocks following increased supply from producing regions.
However, sooji rose smartly on increased buying by stockists on pick up in demand in view of festive season.
Marketmen said adequate stocks in the market following increased supply on bumper crop this season against weak demand mainly led to fall in wholesale wheat prices.
Meanwhile, the government is not considering imposing duty on wheat imports as of now. In the national Capital, wheat deshi fell by Rs 25 to Rs 1,700-1,800 per quintal.
Atta chakki delivery followed suit and shed Rs 5 to 1,230-1,235, while maida traded lower by Rs 10 to Rs 770-800 per 50 kg.
On the other hand, sooji attracted brisk buying from stockists and retailers in view of festive season and recorded a sharp gain of Rs 60 to Rs 880-900 per 50 kg.
Among other bold grain like, bajra dropped by Rs 30 to Rs 990-1,000 per quintal on reduced offtake by industrial units such as cattle-feed makers.
