Select edible oils rise on global cues

NEW DELHI: Select edible oil rose by Rs 50 per quintal at the oils and oilseeds market on Monday on fresh buying by vanaspati millers amid a firm global trend.


However, non-edible oils moved in a narrow range in limited deals and settled around previous levels.

Traders said fresh buying by vanaspati millers and a firm global trend mainly led to rise in select wholesale edible oil prices.

In the national capital, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 7550 and Rs 7100 per quintal respectively on higher global trend.

Palmolein (rbd) and palmolein (Kandla) oils followed suit and gained Rs 50 each at Rs 7650 and Rs 7150 per quintal respectively.