Edible oil prices moved upwards for the third week in a row in the wholesale oils and oilseeds market on continued buying by vanaspati millers and retailers to meet the ongoing festive season demand amid a firming global trend. A few non-edible oils also strengthened on increased demand from consuming industries. The markets remained closed on Wednesday for 'Dussehra' festival. Traders said increased buying by vanaspati millers and retailers driven by ongoing festive season amid restricted arrivals from producing belts mainly kept edible oils higher. A firm global trend as palm oil advanced to the highest level in almost a month on speculation that stockpiles in Malaysia,the world's biggest producer after Indonesia, may drop from record levels as exports rebound,also influenced the trading sentiment,they said. Meanwhile,palm oil gained 4.1 per cent this week at USD 856 a tonne on the Malaysia Derivatives Exchange,the highest since September 27. In the national capital,groundnut mill delivery (Gujarat) and mustard expeller (Dadri) rose by Rs 50 each to Rs 11,900 and Rs 8,350 per quintal,respectively,on the back of increased enquiries from local parties. Taking negative cues from overseas markets,soyabean refined mill delivery (Indore) and soyabean degum (Kandla) oils rose by Rs 150 each to Rs 7,650 and Rs 7,250,respectively. Crude palm oil (ex-kandla) rose by Rs 100 to Rs 7,400 per quintal. Palmolein (RBD) and palmolein (Kandla) oils followed suit and moved up by Rs 150 each to Rs 7,800 and Rs 7,350 per quintal,respectively. In the non-edible section,linseed oil rose by Rs 50 to Rs 5,800 per quintal on fresh enquiries from paint industries. Castor oil traded higher by Rs 50 to Rs 8,700-8,800 per quintal on increased offtake by industrial units and allied industries. Grains: Mixed conditions were seen in the wholesale grains market during the past week as prices of wheat declined on adequate stocks in the market,while other bold grains rose on fresh buying to meet firm demand. However,rice basmati held steady on adequate supplies. Meanwhile,rice procurement by the government touched a record 35.02 million tonnes in the 2011-12 marketing year that ended last month. Stockist buying against restricted arrivals from producing belts helped select grain prices to rise,traders said. In the national capital,wheat dara (for mills) fell by Rs 10 to Rs 1,570-1,575 per quintal. Atta chakki delivery traded lower by Rs 20 to Rs 1,565-1,570 per 90 kg. Other bold grains like,bajra,maize and barley found increased demand from stockists against restricted arrivals from producing belts and ended higher. Bajra rose by Rs 25 to Rs 1,115-1,125,while maize and barley were up by Rs 15 and Rs 20 to Rs 1,365-1,375 and Rs 1,315-1,330 per quintal,respectively. In the rice segment,rice basmati common and Pusa-1121 held steady at Rs 4,900- 5,000 and Rs 4,200-4,900 per quintal,respectively. Pulses: Select pulses remained lower in the wholesale pulses market during the past week due to slackened demand against adequate stocks positions. However,urad and its dal found selective buying from retailers and ended higher. Traders said adequate stocks position following increased arrivals from producing belts against sluggish demand mainly kept pressure on select wholesale pulses prices. Selective buying from retailers,however,helped urad and its dal prices to trade higher,they said. In the national capital,arhar and its dal dara variety moved down by Rs 50 each to Rs 4,100-4,300 and Rs 5,700-5,900 per quintal,respectively. Moth and lobia,which remained steady for the better part of the week,fell by Rs 200 and Rs 100 to Rs 4,200-4,500 and Rs 3,800-4,200 per quintal,respectively. Gram,gramdal local and best quality were also traded lower by Rs 100 each to Rs 4,650-5,900,Rs 5,800-5,900 and Rs 6,000-6,100 per quintal,respectively,on increased arrivals from producing belts. Peas white and green also eased to Rs 2,875-2,900 and Rs 2,975-3,075 against last close of Rs 2,925-2,950 and Rs 3,025-3,125 per quintal,respectively. On the other hand,urad edged up to Rs 3,600-4,200 from previous level of Rs 3,600- 4,050,while its dal chilka local,best and dhoya were up by Rs 100 each to Rs 4,500-4,800,Rs 5,000-5,500 and Rs 5,400-5,500 per quintal,respectively.
