Edible oils strengthen on sustained buying, firm global cues

However, non-edible oils moved in a narrow range in scattered deals and settled around previous levels.

Traders said increased buying by vanaspati millers and retailers mainly helped edible oils to strengthen.

Meanwhile, palm oil futures added 3.7 per cent this week on the Malaysia Derivatives Exchange.

In the national capital, mustard expeller (Dadri) and sesame oils, which remained steady during major part of week, ended higher by Rs 25 and Rs 50 to Rs 8,425 and Rs 9,050 per quintal respectively.

Cottonseed mill delivery (Haryana) oil also rose by Rs 50 to Rs 7,000 per quintal.

Tracking a firming global trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils advanced by Rs 150 each to Rs 7,300 and Rs 6,850, while crude palm oil (ex-kandla) gained Rs 50 to Rs 7,200 per quintal respectively.

Palmolein (RBD) and Palmolein (Kandla) oils also moved up by Rs 150 each to Rs 7,350 and Rs 6,850 per quintal respectively.

GRAINS: The wholesale grains market ended on a better note during the past week as wheat, rice basmati and a few other bold grains closed higher on increased buying by flour mills and stockists.

Marketmen said fresh buying from flour mills helped wheat prices to trade higher.

Meanwhile, the government raised wheat MSP by Rs 65 per quintal to Rs 1,350 per quintal.

They said stockists buying against

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