The wholesale oils and oilseeds market ended on a weak note during the week as edible oil prices drifted owing to slackened demand from vanaspati millers and retailers at prevailing levels.
However, non-edible oils found fresh buying support from consuming industries and ended higher.
Marketmen said easing demand from vanaspati millers and retailers at current levels against adequate stocks position amid a weak global trend, mainly led to decline in edible oil prices.
They said, however, non-edible oils managed to close higher on the back of scattered demand from consuming industries.
In the national capital, sesame and cottonseed mill delivery (Haryana) oils fell Rs 100 each to Rs 7,900 and Rs 5,900 per quintal, respectively.
Groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils declined by Rs 50 each to Rs 8,950 and Rs 8,050 per quintal, respectively.
Tracking a weak global trend, palmolein (RBD) and palmolein (Kandla) oils dropped Rs 150 each to Rs 5,500 and Rs 5,450 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and eased Rs 50 each to Rs 6,700 and Rs 6,400, while crude palm oil (ex-kandla) traded lower by a similar margin to Rs 4,200 per quintal, respectively.
In the non-edible section, linseed oil shot up by Rs 100 to Rs 8,800 per quintal on pick up in demand from paint industries in view of festive season.
Castor oil also moved up by Rs 50 to Rs 9,950-10,050 per quintal on increased industrial offtake.
