Business Standard

Select edible oils up on global cues

Image

Press Trust of India New Delhi

Select edible oils maintained their upward march for the third straight day in a row and added up to Rs 30 per quintal on sustained buying by vanaspati millers.

Traders said continued buying by vanaspati millers and retailers on pick up in demand, amid firming trends in overseas markets mainly led to rise in select wholesale edible oil prices.

Meanwhile, palm oil futures for March-delivery gained 0.4 per cent to $1,186 a tonne on the Malaysia Derivatives Exchange.

In the national capital, mustard expeller oil (Dadri) rose by Rs 30 to Rs 5,800 per quintal.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 20 and Rs 10 to Rs 6,100 and Rs 5,700, while palmolein (rbd) oil traded higher by Rs 20 to Rs 6,000 per quintal.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 24 2010 | 3:38 PM IST

Explore News