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Select edible oils up on millers buying

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Press Trust of India New Delhi
Select edible oil prices firmed up on the oils and oilseeds market during the week under review on the back of increased offtake by vanaspati millers and retailers to meet rising demand.

Linseed oil, in the non-edible section, also turned costlier on increased enquiries from consuming industries.

Markets remained closed on Monday for "Holi" festival.

Traders said increased buying by vanaspati millers and retailers following pick-up in demand, mainly led to rise in select edible oil prices.

In the national capital, mustard expeller (Dadri) and cottonseed mill delivery (Haryana) oils rose by Rs 50 and Rs 100 to Rs 7,500 and Rs 6,300 per quintal, respectively.
 

Palmolein (rbd) and palmolein (Kandla) oils were also seen in some demand and traded higher by Rs 50 each to Rs 6,750 and Rs 6,400 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by a similar margin to Rs 7,550 and Rs 7,300 per quintal respectively.

On the other hand, groundnut mill delivery (Gujarat) oil, after moving in a tight range on scattered deals, settled steady at Rs 7,600 per quintal.

In the non-edible section, linseed oil found buying support from paint manufacturing units and closed Rs 100 higher at Rs 7,650 per quintal.

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First Published: Mar 22 2014 | 12:16 PM IST

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