The wholesale oils and oilseeds market depicted a mixed trend during the week as select edible oils fell further lower owing to slackened demand against adequate stocks position, while a few others edged up on scattered buying from retailers. Marketmen said muted demand against ample stock position on increased supplies from producing regions mainly kept pressure on select edible oil prices but mild demand from retailers helped some other edible oils to end higher. Groundnut solvent refined followed suit and eased by Rs 50 to Rs 1,550-1,650 per tin. On the other hand, palmolein (rbd) and palmolein (Kandla) oils went up by Rs 50 each to Rs 5,300 and Rs 5,350 per quintal, respectively. Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils finished higher by Rs 50 each to Rs 6,650 and Rs 6,250 per quintal, respectively.

Source: dna August 12, 2017 07:30 UTC