Select edible oils up on retailers demand

NEW DELHI: Prices of select edible oils rose up to Rs 100 per quintal at the wholesale oils and oilseeds market today on the back of rising demand from retailers amid a firming trend overseas.

However, non-edible oils continued to move in a tight range in the absence of worthwhile activity and settled around previous levels. Traders said besides pick-up in retailers demand, a better trend in the global market, supported the upside in select edible oil prices. Meanwhile, palm oil gained 0.4 per cent to $807 per tonne on the Malaysia Derivatives Exchange.

In the national capital, mustard expeller (Dadri) oil rose by Rs 50 to Rs 7,400 per quintal. Palmolein (rbd) and palmolein (kandla) oils rose by Rs 100 each to Rs 7,000 and Rs 6,650 per quintal, respectively. Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also moved up by Rs 100 each to Rs 7,600 and Rs 7,400 per quintal, respectively.