New Delhi, Jul 22 (PTI) Buoyed by increased offtake by millers ahead of the festive season, prices of select edible oils firmed up to Rs 200 per quintal on the wholesale oils and oilseeds market today. Trading sentiments turned better, following pick-up in demand from millers and retailers ahead of festive season and a firming trend overseas, amid concern that the after-effects of a drought may curb output in Indonesia and Malaysia, the biggest producers in the world. Meanwhile, palm oil for October delivery advanced 0.4 per cent to USD 1,054 per tonne on the Malaysia Derivatives Exchange. In the national capital, groundnut mill delivery (Gujarat) oil rose by Rs 120 to Rs 8,500 per quintal, while groundnut solvent refined gained Rs 25 to Rs 1,450-1,460 per tin. Mustard expeller oil (Dadri) shot up by Rs 180 to Rs 5,900 per quintal. Mustard pakki and kachi ghani oils traded higher by Rs 10 each to Rs 755-910 and Rs 910-1,010 per tin, respectively. Cottonseed mill delivery oil (Haryana) oil edged up by Rs 100 to Rs 5,580 per quintal. Soyabean mill delivery (Indore) and soyabean degum (Kandla) oils moved up by Rs 200 and Rs 100 to Rs 6,400 and Rs 5,900 and crude palm oil(ex-kandla) gained Rs 100 to Rs 5,220 per quintal, respectively.

Source