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Groundnut oil strengthens in persistent demand

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Press Trust of India Mumbai
Last Updated : Mar 31 2016 | 6:28 PM IST
Groundnut oil prices strengthened further at the Vashi oils and oilseeds wholesale market here today due to persistent demand from stockists and retailers.
Refined palmolein also upward trend following rising demand from retailers.
Meanwhile, castorseeds bold and castoroil commercial slipped due to lower offtake from shippers and soap manufacturers.
Linseed oil held stable in absence of any large-scale buying activity.
In the edible section, groundnut oil climbed by Rs 30 per 10kg to Rs 1,080 from Wednesday's closing level of Rs 1,050 and refined palmolein moved up by Rs 3 per 10kg to Rs 585 from Rs 582 previously.
Among the non-edibles, castorseeds bold fell by Rs 15 per 100 kg to Rs 3,110 from Wednesday's closing level of Rs 3,125 and castor oil commercial edged down to Rs 3 per 10kg to Rs 652 as against to Rs 655 yesterday.
Linseed oil closed unchanged at Rs 875 per 10kg.

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First Published: Mar 31 2016 | 6:28 PM IST

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