NEW DELHI, Aug 10: Prices of select edible oils drifted on the wholesale oils and oilseeds market during the past week owing to sluggish demand against sufficient supplies from producing belts.
However, palmolein and coconut oils found some buying support and ended higher.
Castor oil in the non-edible section, also traded higher on increased offtake by consuming industries.
Markets remained closed on Friday for “Id-Ul-Fitr”.
Traders said slackened demand against sufficient supplies from producing regions mainly led to a fall in select edible oil prices.
However, some local buying helped palmolein and coconut oils to trade higher, they said.
In the national capital, sesame mill delivery suffered the most by falling Rs 400 to Rs 9,800 per quintal. Groundnut mill delivery oil (Gujarat) and cottonseed mill delivery (Haryana) oils declined by Rs 200 and Rs 100 to Rs 9,200 and Rs 6,150 per quintal, respectively.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils also moved down by Rs 150 each to Rs 6,900 and Rs 6,600 per quintal respectively.
On the other hand, palmolein (rbd) and palmolein (Kandla) oils found some buying support from retailers and edged up by Rs 50 each to Rs 5,700 and Rs 5,300 per quintal,while coconut oil also ended higher by Rs 50 to Rs 1,350-1,400 per tin.
In the non-edible section, castor oil rose by Rs 50 to Rs 9,150-9,250 per quintal. (PTI)
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