Edible oils up on increased buying
Select edible oils firmed up on the wholesale oils and oilseeds market on Monday on increased buying by vanaspati millers amidst restricted arrival.
By PTI |
NEW DELHI: Select edible oils firmed up on the wholesale oils and oilseeds market on Monday on increased buying by vanaspati millers amidst restricted arrival.
However, non-edible oils remained stable in limited deals.
Traders said increased buying by vanaspati millers against restricted arrival and higher producing region advices mainly attributed to rise in select edible oil prices.
In the edible section, Mustard expeller oil jumped up to Rs.4,900 from Rs.4,780 a quintal on fresh demand from local parties. Mustard pakki and kachi ghan oils followed suit and gained Rs.10 each at Rs.740-760 and Rs.780-895 per tin respectively.
Soyabean refined mill delivery and soyabean degum (Delhi) attracted brisk buying activity in the wake of higher overseas trend and quoted higher at Rs.5050 and Rs.4800 per quintal respectively.
Palmoline (RBD) gained Rs.50 at Rs.5,050 while crude palm oil (ex kandla) shot up by Rs.100 at Rs.4250 a quintal respectively.
Cottonseed mill delivery and rice bran oil also seen in demand and moved up to Rs.4730 and Rs.4350 per quintal respectively.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
