Business Standard

Select edible oils slip in mixed trade

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Press Trust of India New Delhi
The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils drifted down on adequate stocks position against reduced offtake by vanaspati millers, while a few others edged up on scattered enquiries from retailers.

Castor oil in the non-edible oils section, slipped on reduced offtake by consuming industries.

Marketmen said adequate stocks position on increased supplies from producing regions against easing demand kept pressure on select edible prices but mild demand from retailers helped other edible oil prices to end higher.

In the national capital, groundnut mill delivery (Gujarat) oil fell by Rs 300 to Rs 8,800 per quintal.
 

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils shed Rs 50 each to Rs 7,600 and Rs 7,200 per quintal, respectively.

On the other hand, sesame mill delivery and cottonseed mill delivery (Haryana) oils rose by Rs 50 each to Rs 8,750 and Rs 6,850 per quintal respectively.

Palmolein (RBD) and palmolein (Kandla) oils also edged up by a similar margin to Rs 6,350 and Rs 6,400 per quintal respectively.

In the non-edible section, castor oil eased by Rs 100 to Rs 8,200-8,300 per quintal.

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First Published: Feb 10 2018 | 1:45 PM IST

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