Buoyed by the ongoing festival season and a firm overseas trend, edible oils continued their upward march for the second straight week in wholesale oils and oilseeds market here.
A few oils in the non-edible section, also showed some strength on fresh enquiries from the consuming industries.
Market remained closed on October 14 on account of the closing ceremony of the 19th Commonwealth Games.
Sentiment in select edible oils remained bullish, as palm oil posted its seventh week of gain, the longest rally since May 8, 2009, as weak dollar spurred investors to buy commodities as alternative assets.
Meanwhile, palm oil for the December-delivery contract added 6.2 per cent to $950 a metric tonne on the Malaysia Derivatives Exchange, nearly highest since August 1, 2008.
Among edible oils, groundnut mill delivery (Gujarat) remained centre of brisk activity, driven by festive season and gained the most by surging Rs 450 to Rs 8,750 per quintal. Groundnut solvent followed suit and traded higher by Rs 50 to Rs 1,450-1,460 per tin of 15 litres.
Mustard expeller oil (Dadri) remained in local demand and added Rs 50 to Rs 5,370 per quintal. Mustard pakki and kachi ghani oils followed suit and traded higher by Rs 10 each to Rs 730-885 and Rs 885-985 per tin.
Sesame mill delivery and cottonseed mill delivery (Haryana) oils rose by Rs 100 and Rs 150 to Rs 5,950 and Rs 4,650 per quintal on sustained buying by vanaspati millers.
Soyabean refined mill delivery (Indore) and soyabean degum (Delhi) oils to were in good form on the back of day-to-day buying and firming trend in overseas markets and spurted by Rs 380 and Rs 290 to Rs 5,230 and Rs 4,900 per quintal, respectively.
Similarly, crude palm oil (ex-kandla) and palmolein (rbd) oils shot up by Rs 260 and Rs 230 to Rs 4,320 and Rs 5,150 per quintal, respectively.
In the non-edible section, linseed oil attracted seasonal demand from paint industries and other users, moving up by Rs 100 to Rs 4,200 per quintal.
Grains: Wheat maintained its upward march for the third straight week in the wholesale grains market during the week on increased offtake by flour mills to meet the ongoing festive and marriage season demand.
However, non-basmati rice declined on increased arrivals from producing regions. Meanwhile, barley rose on good demand from consuming industries.
Buying activity in wheat dara and its products improved due to restricted arrivals from the producing regions of Punjab and Haryana, the trucks movement was restricted for the '19th Commonwealth Games' in the national capital, traders said.
Wheat dara (for mills) remained in demand from flour mills and added another Rs 20 to Rs 1,270-1,275 , while wheat deshi remained flat at Rs 1,650-1,750 per quintal.
Atta chakki delivery followed suit and edged up further by Rs 20 to Rs 1,275-1,280 per 90 kg, atta flour mills traded higher by Rs 5 to Rs 675-695 per 50 kg. Sooji also advanced by Rs 10 to Rs 885-905 per 50 kg, while maida maintained its last level of Rs 765-795 per 50 kg.
On the other hand, barley (UP) jumped up by Rs 80 to Rs 1,150-1,170 per quintal on increased offtake from consuming industries. In the rice section, Permal raw, sela and IR-8 were down by Rs 50 each to Rs 1,905-1,955, Rs 2,205-2,255 and Rs 1,735- 1,760 per quintal on increased arrivals.
Pulses: The slide in select pulses continued unabated for the third straight week following fall in demand at prevailing levels.
Adequate stocks following increased arrivals from growing areas also weighed on the prices. Marketmen said apart from a fall in demand at prevailing higher levels, adequate stocks also put pressure in the select wholesale pulses prices.
In the national capital, urad remained under arrivals pressure and tumbled by the most by losing Rs 400 to Rs 4,200-4,750, urad dal chilka local, best and dhoya were down by Rs 300 each to Rs 5,000-5400, Rs 5,600-5,900, and Rs 5,700-5,800 per quintal.
Moong and its dal chilka local followed suit and fell by Rs 200 each to Rs 4,250-4,650 and Rs 5,050-5,450 per quintal. Its dal dhoya local and best quality traded lower by the same margin to Rs 5,600-5,800 and Rs 6,200-6,400 per quintal.
In line with a general weakening trend, masoor small and bold declined by Rs 100 each to Rs 3,200-3,400 and Rs 3,400-3,650 and its dal local and best quality lost Rs 150 each to Rs 3,800-3,900 and Rs 4,100-4,400, while moth declined by Rs 200 to Rs 4,600-4,900 per quintal.
