Despite of higher crop estimate, groundnut oil increased on the back of fresh demand for festival.
Cotton oil also rose as buying activity gained.
Groundnut oil loose increased by Rs 30 to Rs 875-880 for 10 kg.
And groundnut oil new tin improved by Rs 20 to Rs 1,515-1,520 for 15 kg as compare to last week’s almost nil demand.
About 8-10 tankers were traded on Tuesday in Saurashtra’s edible oil mills.
Similarly cotton oil wash was traded higher by Rs 7 to Rs 632-635 for 10 kg.
While cotton oil 15 kg tin remained flat on Rs 1,110-1,120.
About 45-50 tankers of cotton oil were traded here.
Traders said that both the edible oils reached the bottom level.
According to millers, price may gain further but in limited range as groundnut production is expected to be higher.
Saurashtra Oil Millers’ Association (SOMA) has estimated about 24 lakh tonnes groundnut production in Gujarat for 2013-14.
According to the association, the groundnut production was about 6,00,000 tonnes last year in the State.