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NEW DELHI: The wholesale prices of soyabean and palm oils on Tuesday rose upto Rs 50 a quintal in the national capital on the back of firming global markets.

Soyabean refined mill delivery and soyabean degum (Delhi) oil prices were up by Rs 50 each at Rs 6,350 and Rs 6,200 a quintal. Palmoline (RBD) oil, in a similar manner, traded higher at Rs 5,850 per quintal against previous close of Rs 5,800. Thus, showi ng a rise of Rs 50. Rice bran (physical) oil traded Rs 50 higher at Rs 4,800 a quintal.

However, mustard expeller oil prices fell by Rs 200 at Rs 5,900 per quintal while cottonseed mill delivery oil lost Rs 50 at Rs 5,700 a quintal largely due to increased supplies. Marketmen said apart from firming trends in global markets, increased deman d from millers here also influenced the trading sentiments here.

"Shifting of interest towards spot markets after the government banned trading in futures of refined soya oil, also gave push to rising edible oil prices,'' said a wholesale oil trader. - PTI

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