11/01/2012 (MSN) - Edible oil prices rose up to Rs 100 per quintal on the wholesale oils and oilseeds market today, on fresh buying by flour mills to meet the marriage season demand amid firming global trend.

A few oils in the non-edible section, also showed some strength on increased industrial offtake.

Marketmen said trading sentiment buoyed as palm oil gained in global markets after soybeans climbed the most in almost two weeks on concerns that dry weather will cut output in South America, speculation that stockpiles in Malaysia may decline for the third month.

They said, fresh buying by vanaspati millers to meet the coming marriage season demand also influenced the sentiment.

Meanwhile, palm oil futures prices for March-delivery gained 0.8 per cent to USD 1,032 a tonne on the Malaysia Derivatives Exchange.

In the national capital, Groundnut mill delivery (Gujarat) rose by Rs 100 to Rs 9,800 per quintal, while groundnut solvent refined gained Rs 20 to Rs 1,620-1,630 per tin.

Mustard expeller oil (Dadri) also added another Rs 50 to Rs 7,800 per quintal and mustard pakki and kachi ghani oils traded higher by Rs 25 each to Rs 1,000-1,155 and Rs 1,155-1,255 per tin.

Sesame and cottonseed mill delivery (Haryana) oils too traded higher by Rs 50 and Rs 20 to Rs 7,500 and Rs 6,650 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 50 each to Rs 7,250 and Rs 6,800, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 6,750 per quintal, respectively.

Palmolein (rbd) and palmolein (kandla) oils also went up by Rs 50 each to Rs 7,050 and Rs 6,700 per quintal.

In the non-edible section, castor and neem oils rose by Rs 50 each to Rs 8,350-8,450 and Rs 4,150-4,250 per quintal, respectively on the back of industrial demand.