NEW DELHI, Mar 8: Edible oils strengthened at the wholesale market here during this week on sustained buying by vanaspati millers and retailers amid a firming global trend.
A few oils in the non-edible section also moved up on increased demand from consuming industries.
Traders said sustained buying by vanaspati millers and retailers mainly influenced edible oil prices.
Firming global trend where palm oil climbed to the highest level since September 2012 on concern that a prolonged dry spell in Malaysia and Indonesia may reduce supplies of most-used cooking oil, they said.
Meanwhile, palm oil rose 3.1 per cent at 886 dollar a metric tonne this week at the Malaysia Derivatives Exchange.
In the national capital, palmolein (rbd) and palmolein (kandla) oils advanced by Rs 100 each to Rs 6,950 and Rs 6,600,while crude palm oil (ex-kandla) shot up by Rs 150 to to Rs 5,700 per quintal respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also added Rs 50 each to Rs 7,750 and Rs 7,500 per quintal, respectively.
Coconut oil, which remained steady for the major part of week, met with fag-end buying and close higher by Rs 50 to Rs 1,800-1,850 per tin.
However, mustard expeller (Dadri), cottonseed mill delivery (Haryana) and groundnut mill delivery (Gujarat) moved in a narrow range in limited deals and settled around previous levels of Rs 7,550, Rs 6,350 and Rs 7,500 per quintal, respectively.
In the non-edible section, linseed and castor oils traded higher by Rs 50 and Rs 100 to Rs 7,600 and Rs 9,600-9,700 per quintal, respectively on increased demand from consuming industries. (AGENCIES)
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