Edible oil prices end mixed

NEW DELHI: The wholesale oils and oilseeds market ended on a mixed note today as select edible oils improved on scattered buying by vanaspati millers amid a firm global trend while a few others remained weak on adequate supplies.

However, non-edible oils held steady in thin trade. Traders said scattered buying by vanaspati millers amid a firm global trend on speculation that official data today may show that inventories in Malaysia dropped for a fifth month.

Meanwhile, palm oil for the contract for August delivery climbed 0.5 per cent to $ 791 a tonne on the Bursa Malaysia Derivatives.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 7,700 and Rs 7,300, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 5,050 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils traded in positive zone with a rise of Rs 50 each at Rs 5,950 and Rs 5,550 per quintal, respectively.

On the other hand, groundnut mill delivery (Gujarat) and sesame mill delivery oils fell by Rs 150 and Rs 200 to Rs 10,000 and Rs 11,800 per quintal respectively on sufficient supplies.

Cottonseed mill delivery (Haryana) and mustard expeller (Dadri) oils declined by Rs 100 and Rs 50 to Rs 6,300 and Rs 6,800 per quintal, respectively.