28/10/06 New Delhi  (NewKarala.com) Select edible oils drifted to close in negative zone in the wholesale oils and oilseeds market during the week ended October 28 after the government extended 10 per cent customs duty cut on palm group of oils to two more months till December 31.

However, a few oils in the non-edible section rose on the back of pick up in demand from consuming industries.

Traders said the government's decision to extend 10 per cent customs duty cut on palm oils to two more months mainly pulled down select edible oils.

They said fall in demand from refiners following end of festive season too helped prices to decline.

In the edible oil section, sesame mill delivery after remaining flat for the major part of the week at Rs 4550 per quintal on some support, met with selling at the fag-end and ended Rs 20 down at Rs 4530 per quintal.

Cottonseed mill delivery in similar movements ended in a negative zone with a fall of Rs 10 at Rs 4060 per quintal.

Soyabean refined mill delivery and soyabean (degum) oils shed Rs 20 each at Rs 4280 and Rs 4160 a quintal respectively on some deals.

Rice bran (physical) oil despite brief deals posted Rs 50 higher at RS 3600 a quintal on stockists buying.