Firming trends in edible oils continued for the fifth straight week in the national capital, supported by increased offtake by vanaspati millers and retailers for the marriage season amid strong global cues.
A few oils in the non-edible section were also in good demand from consuming industries and registered some gains.
Sentiments in edible oils remained extremely bullish, largely on the back of increased demand from millers as well as retailers to meet the rising seasonal demand, traders said.
They said a firm trend in Malaysia, the hub of global palm oil, further fuelled the uptrend.
Meanwhile, palm oil futures for the March-delivery contract climbed 4.6 per cent to end the week at USD 1,185 a tonne on the Malaysia Derivatives Exchange.
In the national capital, mustard expeller oil (Dadri) remained in local demand and added another Rs 80 to Rs 5,800 per quintal, while mustard pakki and kachi ghani oils inched up by Rs 5 each to Rs 770-925 and Rs 925-1,025 per tin.
Cottonseed mill delivery (Haryana) oil also gained Rs 10 to Rs 5,430 per quintal, while coconut oil jumped up by Rs 100 to Rs 1,400-1,460 per tin.
In line with the overall firming trend, soyabean refined mill delivery (Indore) and soyabean degum (kandla) oils strengthened by Rs 30 and Rs 20 to Rs 6,100 and Rs 5,700 per quintal, respectively.
Palmolein (rbd) and crude palm oil (ex-kandla) oils rose by Rs 100 and Rs 50 to Rs 6,000 and Rs 5,360 per quintal.
In the non-edible section, castor oil shot up by Rs 100 to Rs 8,550-8,650 per quintal on increased industrial offtake.
Neem oil also found support from soap manufacturers and other consuming industries and added Rs 50 to Rs 4,000-4,100 per quintal.
Grains: Prices of rice basmati and non-basmati declined on the wholesale grains market during the past week on stockists offloading their holdings against sluggish demand at prevailing levels.
Other grains like, jowar and bajra also remained weak on reduced industrial offtake against adequate stocks.
However, wheat prices after moving both ways in tight range in the absence of worthwhile activity, settled around previous levels.
Traders said adequate stocks in the market, following stockists selling against fall in demand mainly weighed on the wholesale rice basmati and non-basmati prices.
In the rice section, rice basmati common declined by Rs 100 to Rs 5,600-5,700, while Pusa-1121 variety eased to Rs 4,200-5,000 against last close of Rs 4,350-52,50 per quintal.
Non-basmati rice permal raw, wand, sela and IR-8 were also traded lower at Rs 1,800-1,850, Rs 1,950-2,100, Rs 2,100-2,155 and Rs 1,670-1,695, as compared to previous levels of Rs 1,875-1,925, Rs 2,000-2,150, Rs 2,165-2,220 and Rs 1,685-1,710 per quintal.
Jowar yellow and white, which held steady for the major part of the week, showed somewhat weakness and declined by Rs 20 and Rs 50 to Rs 880-980 and Rs 1,850-1,900, while bajra lost Rs 10 to Rs 790-800 per quintal.
