20/03/2017 (India.com) - Mixed conditions continued for the second straight week at the wholesale oil and oilseeds market as prices of select commodities moved further lower due to slack demand against adequate stock position.

A few others edged up on scattered enquiries from retailers.

Castor oil in the non-edible section strengthened on increased offtake by consuming industries.

Markets were closed on Monday for Holi.

Traders said easing demand and increased arrivals from producing belts kept pressure on select edible oil prices, but mild demand from retailers helped a few others end marginally higher.

Meanwhile, palm oil imports rose by 19 per cent to 7,36,207 tonnes for the first time in February after three consecutive months of fall on higher shipments, industry body Solvent Extractors Association (SEA) said.

India, the world’s leading vegetable oil buyer, had imported 5,95,032 tonnes palm oil in February 2016.

The country’s total vegetable oil imports rose by 17 per cent to 12.70 lakh tonnes in February this year, from 10.82 lakh tonnes in the year-ago period.

In the national capital, sesame mill delivery oil fell by Rs 100 to Rs 8,300 per quintal.

Palmolein (RBD) and palmolein (Kandla) oils declined further by Rs 50 each to Rs 5,750 and Rs 5,800 per quintal, respectively.

Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also shed Rs 50 each to Rs 6,950 and Rs 6,650 per quintal, respectively.

On the other hand, mustard expeller (Dadri) oil edged up by Rs 50 to Rs 8,350 per quintal.

Coconut oil also advanced by Rs 100 to Rs 1,950-2,000 per tin.

In the non-edible section, castor oil rose Rs 50 to Rs 9,850-9,950 while linseed oil remained flat at Rs 9,750 per quintal. (MORE)

This is published unedited from the PTI feed.