Groundnutoil recovers on fresh demand

Groundnut oil recovered smartly at the Vashi oils and oilseeds wholesale market here today on fresh demand from stockists and retailers.
While, castorseeds bold and castoroil commercial weakened further owing to poor offtake from shippers and soap industries.
Meanwhile, refined palmolein and linseeds oil ruled flat in absence of any worthwhile buying support.
In the edible section, groundnut oil regained by Rs 25 per 10kg to Rs 950 from Last Saturday's close Rs 925 and refined palmolein closed unchanged at Rs 560 per 10kg.
In the non-edible segment, castorseed bold dropped by Rs 35 per 100kg to Rs 3,740 from Last weekends level Rs 3,775 and castor oil commercial edged down by Rs 3 per 10kg to Rs 778 as compared Rs 781 previously.

Linseed oil ended unaltered at Rs 1,050 per 10kg.