Groundnut oil continued to strengthen in an active oil and oilseeds market here today on sustained demand from stockists coupled with lower arrivals from producing regions.
Refined palmolein recovered smartly on fresh retail buying amidst bouyant Malaysian advices.
Castorseeds bold and castor oil commercial rose further owing to rising demand from shippers and soap industries.
Castorseeds futures market also rebounded sharply on the back renewed export orders.
In the edible oil segment, groundnut oil added another Rs 10 to Rs 740 per 10 kg from yesterday's closing level of Rs 730 and refined palmolein firmed up by Rs 13 to Rs 533 per 10 kg, as against Rs 520 previously.
In the non-edible oil section, castorseeds bold went up by Rs 50 per 100 kg to Rs 3,850 from Rs 3,800 and castor oil commercial moved up to Rs 800 per 10 kg as against Rs 790. Linseed oil held steady at Rs 550 per 10 kg.
Moving to futures section, castorseeds December delivery resumed higher at Rs 3,531 and short up further to finish at Rs 3,586 as against Rs 3,510 yesterday, showing a handsome gain of Rs 76 per tonne.