Palmolein, coconut oils rise on retailers demand

NEW DELHI: Prices of palmolein and coconut oils strengthened by up to Rs 100 in the wholesale oils and oilseeds market today on increased demand from retailers.

However, other edible and non-edible oils continued to move in a narrow range in limited deals and settled around previous levels.

Traders said increased demand from retailers mainly led to a rise in palmolein and coconut oil prices.

In the national capital, palmolein (kandla) oil rose by Rs 100 to Rs 7,750 per quintal, while coconut oil traded higher by Rs 25 to Rs 1,375-1,425 per tin.