29/12/2011 (MSN) - Select edible oil prices strengthened by Rs 50 per quintal on the wholesale oils and oilseeds market today, largely in tandem with a firming global trend.

Linseed oil in the non-edible section, also shot up on increased demand from paint industries.

Buying activity in select edible oils picked up after palm oil climbed to an almost one-month high in global markets on concern that rains in Indonesia and Malaysia, the biggest growers, will disrupt harvests and as dry weather threatened to trim soybean crops in South America.

Meanwhile, palm oil for the March-delivery contract advanced 1.5 per cent to USD 1,011 per tonne on the Malaysia Derivatives Exchange, the highest since November 22.

In addition, sustained buying by vanaspati millers further fuelled the uptrend in select edible oil prices.

In the national capital, soyabean refined mill delivery (Indore)and soyabean degum (Kandla) oils rose by Rs 50 each to Rs 7,130 and Rs 6,680, while crude palm oil (ex-kandla) oil enquired higher by the same margin to Rs 6,580 per quintal, respectively.

Palmolein (rbd) and palmolein (Kandla) oils also moved up by Rs 50 each to Rs 6,930 and Rs 6,580 per quintal, respectively.

In the non-edible section, linseed oil found fresh buying support from paint units and jumped up by Rs 100 to Rs 4,750 per quintal. .