16/11/2011 (MSN) - Select edible oil prices rose further by Rs 50 per quintal on the wholesale oils and oilseeds market today on sustained buying by vanaspati millers, driven by the ongoing marriage season demand.

However, non-edible oils continued to trade in a narrow range in restricted buying activity and settled around previous levels.

Buying activity in edible oils gathered momentum after palm oil climbed to the highest level in more than four months in Malaysia on speculation that rising exports from Malaysia, the second-largest producer, amid forecasts for a decline in output.

Meanwhile, palm oil for the January-delivery contract advanced by 0.4 per cent to USD 1,021 per tonne on the Malaysia Derivatives Exchange, the highest level since June 22.

In the national capital, palmolein (rbd) and palmolein (kandla) oils added Rs 50 each to Rs 6,700 and Rs 6,350, while crude palm oil (ex-kandla) traded higher by the same margin to Rs 6,230 per quintal.

Soyabean refined mill delivery oil(indore) and soyabean degum (kandla) oils were traded higher by Rs 50 each at Rs 6,950 and Rs 6,400 per quintal, respectively. .