09/01/2012 (MSN) - Edible oils strengthened in the first week of the year 2012 in the oils and oilseeds market on sustained buying by vanaspati mills and retailers for the marriage season.

Restricted arrivals from producing regions and a firming trend in the overseas markets also supported the uptrend in edible oil prices.

However, a few non-edible oils lacked necessary buying support from consuming industries and declined.

Buying activity in edible oils picked up as palm oil advanced for the third week in global markets on speculation that stockpiles in Malaysia might drop to lowest in 4-month as output declined due to floods.

The palm oil prices climbed 1.1 per cent this week on the Malaysia Derivatives Exchange on brisk buying by traders.

In the national capital, groundnut mill delivery (Gujarat) and mustard expeller (Dadri) oils remained in demand and added Rs 100 and Rs 50 to Rs 9,700 and Rs 7,700 per quintal, respectively on pick up in demand.

Sesame and cottonseed mill delivery (Haryana) oils also gained Rs 100 and Rs 80 to Rs 7,450 and Rs 6,630 per quintal, respectively.

Tracking a firming trend overseas, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 50 each to Rs 7,200 and and Rs 6,750, respectively. Crude palm oil (ex-kandla) oil traded higher by Rs 100 to Rs 6,700 per quintal.

Palmolein (rbd) and palmolein (Kandla) oils gained Rs 50 each to Rs 6,950 and Rs 6,600 per quintal, respectively.

In the non-edible section, linseed oil and castor oils declined by Rs 50 each to Rs 4,700 and Rs 8,300-8,400 per quintal, respectively, on reduced offtake by industrial units and other consuming industries.