In restricted activity, palmolein oil prices rose by Rs. 40 per quintal at the wholesale oils and oilseeds market in the national capital on Saturday as millers and retailers indulged in buying activity.
Among the non-edibles, linseed oil also edged higher on the back of pick-up in industrial demand.
Pick-up in purchase
In the edible section, palmolein (RBD) and palmolein (Kandla) oils remained firm and gathered another Rs. 40 each to close at Rs. 5,620 and Rs. 5,550 per quintal, respectively. Traders said pick-up in buying by millers as well as retailers, mainly pushed up palmolein oil prices.
Among industrial oils, linseed oil was up by Rs. 10 at Rs. 8,600 per quintal on increased off-take by consuming industries.
