NEW DELHI, Dec 26: The wholesale oils and oilseeds market offered a mixed trend during the week as select edible oil prices edged higher backed up by a pick-up in demand while a few others slid on adequate stocks as orders softened.
On the other hand, non-edible oils after moving in a tight range in the absence of worthwhile activity settled at their previous levels.
Traders said that besides rising demand from retailers, restricted supplies from producing regions led to the rise in select edible oil prices.
However, adequate stocks against subdued demand kept up pressure on other edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) and cottonseed mill delivery (Haryana) oils inched up by Rs 50 each to Rs 9,100 and Rs 5,850 per quintal, respectively.
On the other hand, mustard expeller (Dadri) oil softened by Rs 50 to Rs 8,850 per quintal.
Palmolein (rbd) and Palmolein (Kandla) oils too shed Rs 50 each at Rs 5,350 and Rs 5,300 per quintal, respectively.
Meanwhile, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved in a narrow range in limited deals and settled around previous levels of Rs 6,700 and Rs 6,400 per quintal, respectively.
In the non-edible section, linseed and castor oils after trading in a tight range in scattered deals ended the week at unchanged levels of Rs 9,100 and Rs 9,600-9,700 per quintal, respectively.(PTI)
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