Edible oils rise on festival buying

Edible oils rise on festival buying
PTI
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First Published: Mon, Mar 09 2009. 05 04 PM IST
Updated: Mon, Mar 09 2009. 05 04 PM IST
New Delhi: The wholesale edible oil prices on Monday rose up to Rs150 per quintal in the national capital on emergence of buying by vanaspati units to meet coming Holi festival demand.
Marketmen said fresh buying by vanaspati millers to meet coming Holi, festival of colours, demand mainly pushed up edible oil prices.
In the edible section, palmolein (rbd) and crude palm oil (ex-Kandla) rose by Rs100 and Rs60 to Rs3,800 and Rs3,080 per quintal respectively. Soyabean refined mill delivery and soyabean degum (delhi) also shot up by Rs100 and Rs150 to Rs4,850 and Rs4,650 per quintal.
In line with the general firming trend, mustard expeller oil moved up by Rs100 to Rs4,800 per quintal. Mustard pakki and kachi ghani oils traded higher by Rs10 each to Rs655-810 and Rs810-895 per tin of 15 litres.
Sesame and cottonseed mill delivery oils rose by Rs100 and Rs50 to Rs5,500 and Rs4,050 while rice bran (physical) gained Rs50 to Rs3,450 per quintal.
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First Published: Mon, Mar 09 2009. 05 04 PM IST