Select edible oils firm up on fresh buying
Frantic buying by stockists and vanaspati mills amid paucity of ready stocks mainly pushed up prices of select edible oils.
By PTI |
NEW DELHI: Select edible oils firmed up on the wholesale oils and oilseeds market during the past week under review on heavy buying by vanaspati mills while a few others like soyabean declined on weak global trend.
Frantic buying by stockists and vanaspati mills amid paucity of ready stocks mainly pushed up prices of select edible oils.
Marketmen said a fall in soyabean oils in Chicago and Malaysian commodity markets attributed the weakening trend.
Sesame mill delivery oils was the major gainer on brisk buying activity amid paucity of stocks and shot up by Rs.850 to settle at Rs.9650 a quintal.
The second gainer was palmoline oils during the week on aggressive buying amid restricted arrivals and shot up by Rs.600 to settle at Rs.7,700 a quintal.
Rice bran (phy) oils also attracted buyers attention in line with general trend and traded higher by Rs.150 at Rs.5,900 a quintal.
Mustard expeller and cottonseed mill delivery oils also moved ahead by Rs.50 and Rs.30 to settle at Rs.6750 and Rs.6480 a quintal on increased buying by vanaspati mills.
On the other hand, soyabean refined mill delivery lost by Rs.200 at Rs.7,000 per quintal on lower global advices.
Soyabean degumm Delhi too followed suit and lost similar margins of Rs.200 at Rs.6900 a quintal in line with soyabean.
Crude palm oils ex-kandla slipped by Rs.100 to close at Rs.5800 a quintal on reduced offtake.
Elsewhere, non-edible oils maintained last week's closing levels on some support.
Frantic buying by stockists and vanaspati mills amid paucity of ready stocks mainly pushed up prices of select edible oils.
Marketmen said a fall in soyabean oils in Chicago and Malaysian commodity markets attributed the weakening trend.
Sesame mill delivery oils was the major gainer on brisk buying activity amid paucity of stocks and shot up by Rs.850 to settle at Rs.9650 a quintal.
The second gainer was palmoline oils during the week on aggressive buying amid restricted arrivals and shot up by Rs.600 to settle at Rs.7,700 a quintal.
Rice bran (phy) oils also attracted buyers attention in line with general trend and traded higher by Rs.150 at Rs.5,900 a quintal.
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Mustard expeller and cottonseed mill delivery oils also moved ahead by Rs.50 and Rs.30 to settle at Rs.6750 and Rs.6480 a quintal on increased buying by vanaspati mills.
On the other hand, soyabean refined mill delivery lost by Rs.200 at Rs.7,000 per quintal on lower global advices.
Soyabean degumm Delhi too followed suit and lost similar margins of Rs.200 at Rs.6900 a quintal in line with soyabean.
Crude palm oils ex-kandla slipped by Rs.100 to close at Rs.5800 a quintal on reduced offtake.
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Elsewhere, non-edible oils maintained last week's closing levels on some support.
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