Select edible oils up on mills buying
: In mixed trend, select edible oils rose on the wholesale oils and oilseeds market during the week under review on emergence of buying by stockists and retailers to meet ensuing marriage season demand.
By PTI |
NEW DELHI: In mixed trend, select edible oils rose on the wholesale oils and oilseeds market during the week under review on emergence of buying by stockists and retailers to meet ensuing marriage season demand.
However, a few others remained subdued in the absence of any worthwhile support.
Marketmen said brisk buying by vanaspati units to meet coming marriage season demand amid report of firming trend in global markets mainly led to rise in select edible oil prices.
In the edible section, soyabean refined mill delivery oil shot up by Rs 100 at Rs 5650 a quintal on higher global advices. Its degum variety followed suit and jumped up by Rs 100 at Rs 5500 a quintal.
Crude palm oil (ex-kandla) also rose by Rs 60 at Rs 4630 a quintal and palmoline (rbd) oil traded higher by Rs 50 at Rs 5430 a quintal.
Rice bran (physical) gained Rs 50 at Rs 4550 a quintal. On the other side, groundnut mill delivery oil lacked necessary buying support and lost Rs 100 at Rs 6800 a quintal. Mustard and cottonseed mill delivery oils shed Rs 50 each at Rs 5350 and Rs 5050 a quintal respectively.
Turning to non-edible, linseed, mahuwa, castor, neem and palm fatty oils remained flat throughout the week in negligible buying activity.
However, a few others remained subdued in the absence of any worthwhile support.
Marketmen said brisk buying by vanaspati units to meet coming marriage season demand amid report of firming trend in global markets mainly led to rise in select edible oil prices.
In the edible section, soyabean refined mill delivery oil shot up by Rs 100 at Rs 5650 a quintal on higher global advices. Its degum variety followed suit and jumped up by Rs 100 at Rs 5500 a quintal.
Crude palm oil (ex-kandla) also rose by Rs 60 at Rs 4630 a quintal and palmoline (rbd) oil traded higher by Rs 50 at Rs 5430 a quintal.
Rice bran (physical) gained Rs 50 at Rs 4550 a quintal. On the other side, groundnut mill delivery oil lacked necessary buying support and lost Rs 100 at Rs 6800 a quintal. Mustard and cottonseed mill delivery oils shed Rs 50 each at Rs 5350 and Rs 5050 a quintal respectively.
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Turning to non-edible, linseed, mahuwa, castor, neem and palm fatty oils remained flat throughout the week in negligible buying activity.
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