Edible oils remain firm on pick up in demand

NEW DELHI: Edible oils on Tuesday closed up on the wholesale oils and oilseeds market on increased buying by stockists and retailers amidst higher advices from producing region.

Rice bran oil in the non-edible section also went up on increased industrial offtake. In the edible section, mustard expeller oil remained in demand and quoted higher at Rs 4,540 as compared to yesterday's Rs 4,520 a quintal.

Sesame and cottonseed mill delivery oils remained in good demand and strengthened to Rs 5,150 and Rs 4,640 from previous levels of Rs 5,100 and Rs 4,600 a quintal respectively.

Soyabean refined mill delivery and soyabean degum (Delhi) oils moved up to Rs 5,000 and Rs 4,900 a quintal respectively. Coconut oil gained Rs 20 at Rs 900-910 a tin in line with the general trend.

In the non-edible space, rice bran oil quoted higher at Rs 3,400-3,450 against last closing of Rs 3,300-3,350 a quintal.