25/11/2013 (Economic Times) - The wholesale oils market ended on a mixed note during the past week as select edible oils strengthened on vanaspati millers buying amid firming global trend while a few others weakened on adequate supplies.

A few oils in the non-edible section moved up on increased demand from consuming industries.

Traders said sustained buying by vanaspati millers and retailers to meet the ongoing marriage season demand helped select edible oil to strengthen while adequate supplies kept pressure on other prices.

They said a firming global trend as palm oil climbed to the highest level in almost 14 months on speculation that production may drop in Indonesia and Malaysia, the world's biggest suppliers, also influenced select edible oils.

Globally, palm oil rose 1.1 per cent to USD 819 a tonne this week, the highest level since September 24, 2012 on the Malaysia Derivatives Exchange.

In the national capital, sesame mill delivery oil gained the most by jumping Rs 750 to Rs 11,150 per quintal on upsurge in demand.

Taking positive cues from overseas markets, palmolein (rbd) and palmolein (Kandla) oils advanced by Rs 50 each to Rs 6,650 and Rs 6,250 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils followed suit and ended higher by the same margin to Rs 7,600 and Rs 7,300, while crude palm oil (ex-kandla) held steady at Rs 5,700 per quintal, respectively.

On the other hand, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils declined by Rs 100 and Rs 50 to Rs 8,500 and Rs 7,600 per quintal, respectively on adequate supplies.

In the non-edible section, linseed oil traded up on demand from paint industries and added Rs 50 to Rs 7,050 per quintal.

Neem oil also went up by Rs 100 to Rs 5,300-5,400 per quintal on increased industrial offtake.