NEW DELHI: Edible oil prices strengthened by Rs 100 per quintal on the wholesale oils and oilseeds market today on increased buying by vanaspati mills to meet ongoing wedding season demand amid a firming global trend. A few oils in the non-edible section, also moved up on increased demand from consuming industries. Sentiment remained firm after palm oil traded at over two weeks high in overseas markets as crude oil rallied on concern that unrest in the Middle East will disrupt supplies, increasing the appeal of vegetable oils as biofuel feedstock. Meanwhile, palm oil for the contract for February delivery advanced 1.1 per cent to USD 813 a metric tonne on the Malaysia Derivatives Exchange, the highest since November 2. In addition, sustained buying by vanaspati millers for the marriage season further fuelled the uptrend. In the national capital, groundnut mill delivery oil (Gujarat) rose by Rs 100 to Rs 11,800 per quintal. Tracking a firm global trend, soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils advanced by Rs 100 each to Rs 7,300 and Rs 6,900 and crude palm oil (ex-kandla) traded higher by similar margin to Rs 7,100 per quintal, respectively. Palmolein (rbd) and palmolein (kandla) oils also enquired by Rs 100 each to Rs 7,400 and Rs 6,950 per quintal respectively. In the non-edible section, linseed oil rose by Rs 50 to Rs 5,900 per quintal on fresh enquiries from paint industries.

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