Select edible oils up on millers buying,global cues

A few oils in the non-edible section,also showed a strength on increased offtake by consuming industries.

Traders said increased offtake by vanaspati units and retailers for the coming festive and marriage season demand amid restricted arrivals from producing regions,leading to a rise in select edible oil prices at the wholesale market here.

Besides,a firm global trend also supported the upside,they said.

Meanwhile,palm oil gain 3.5 per cent to USD 818 a metric tonne this week on the Malaysia Derivatives Exchange. In the national capital,mustard expeller (Dadri) oil rose by Rs 50 to Rs 8,200 per quintal while mustard pakki and kachi

ghani oils held steady at Rs 1,210-1,350 and Rs 1,365-1,465 per tin.

However,groundnut mill delivery (Gujarat),sesame and cottonseed mill delivery (Haryana) oils were traded in narrow range on alternate bouts of buying and selling and settled around previous level of Rs 11,750,Rs 8,600 and Rs 7,100 per quintal,respectively.

Taking a positive cues from overseas markets,soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 50 each to Rs 7,450 and Rs 7,050,while crude palm oil (ex-kandla) held steady during the week at Rs 7,250 per quintal,respectively.

Palmolein (rbd) and palmolein (Kandla) oils followed suit and traded higher by Rs 50 each at Rs 7,600 and Rs 7,150 per quintal,respectively.

In the non-edible section,linseed oil rose by Rs 50 to Rs 5,650 per quintal on fresh paint industries demand.

Neem oil too found support from soap units and gained Rs 50 to Rs 4,550-4,650 per quintal.

GRAINS: Prices of wheat and other few bold grains firmed up on the wholesale grains market during the week following tight supplies coupled with increased demand from flour mills and stockists.

Traders said tight supplies following a decline in arrivals from producing regions against rising demand from flour mills and stockists for the coming festivals and wedding season,mainly pushed up wheat and a few other bold grain prices.

In the national capital,wheat dara (for mills) rose by Rs 20 to Rs 1,580-1585 per quintal,while atta chakki delivery traded higher by the same margin to Rs 1,585- 1,590 per 90 kg.

Atta flour mills,maida and sooji were also moved up to Rs 850- 870,Rs 930-950 and Rs 1,020-1,060 against last close of Rs 810-830,Rs 900-910 and Rs 970-1,020 per 50 kg,respectively,on festive demand.

Other bold grains like,maize and barley also rose by Rs 50 and Rs 10 to Rs 1,300-1,310 and Rs 1,285-1,300 per quintal,respectively,on increased demand.

On the other hand,rice basmati common and Pusa-1121 held steady at Rs 5,200- 5,300 and Rs 4,500-5,300 per quintal,respectively.

Pulses: Firm conditions prevailed with urad and moong prices rising on the wholesale pulses market during the week on sustained buying by stockists driven by upcoming festive and marriage season demand against limited arrivals from producing regions. Marketmen said continued buying by stockists for the ensuing festival and marriage season demand amid restricted arrivals from producing regions mainly led to rise in the prices of select pulses.

In the national capital,urad edged up to Rs 3,800-4,100 from previous close of Rs 3,600-3,850,while its dal chilka local,best and dhoya were up by Rs 200 each to Rs 4,500-4,800,Rs 5,000-5,500 and Rs 5,400-5,500 per quintal,respectively.

Moong and its dal chilka local moved up by Rs 50 each to to Rs 4,850-5,350 and Rs 5,300-5,700 and moong dal dhoya local and best quality gained Rs 200 each to Rs 5,850-5,950 and Rs 6,550-6,650 per quintal,respectively.

Arhar and its dal dara variety were enquired higher by Rs 50 each to Rs 4,200-4,500 and Rs 5,800-6,000 per quintal,respectively.

In line with a general firming trend,gram,gramdal local and best quality were up by Rs 150 each to Rs 4,650-5,750,Rs 5,800-5,900 and Rs 6,000-6,100 per quintal,respectively. Besin Shaktibhog and Rajdhani followed suit and traded higher at Rs 2,110 each against last close of Rs 2,080 per 35 kg bag.