Edible oils show a mixed trend

The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils strengthened further on the back of rising demand from retailers, while a few others eased on adequate stocks position against muted demand.

Market remained closed on Saturday on account of Dussehra.

Castor oil in the non-edible oil section slipped on reduced offtake by consuming industries.

Marketmen said besides rising demand from retailers, driven by ongoing festive season amid restricted supplies from producing regions mainly led to rise in select edible oil prices but adequate stocks position against subdued demand kept other prices lower.

In the national capital, groundnut mill delivery (Gujarat) oil shot up by Rs 400 to Rs 8,700 per quintal.

Groundnut solvent refined followed suit and ended higher by Rs 100 to Rs 1,600-1,700 per tin.

Crude palm oil (ex-kandla) and cottonseed mill delivery (Haryana) oil also edged up by Rs 50 each to Rs 4,850 and Rs 6,500 per quintal respectively.

On the other hand, palmolein (RBD) and palmolein (Kandla) oils drifted lower by Rs 100 each to Rs 6,000 and Rs 6,050 per quintal respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also ended lower by a similar margin to Rs 6,900 and Rs 6,500 per quintal respectively.

In the non-edible section, castor oil dropped by Rs 200 to Rs 9,200-9,300 per quintal. (MORE)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)