Industrial oils edge up on thin trade

Castorseeds bold and castoroil commercial recovered marginally in an otherwise lacklustre oils and oilseeds wholesale market at Vashi here today on stray demand from shipper and soap industries.
Meanwhile, Groundnutoil, refined palmolein and linseedoil held steady in the absence of any largescale buying activity.
In the futures market, prices of castorseeds also regained modestly on renewed export enquiries.
In non-edible section, castorseeds bold moved up by Rs 5 per 100 kg to Rs 3,455 from Monday's close of Rs 3,450 and castoroil commercial inched up by rupee per 10 kg to Rs 721. Linseedoil closed unchanged at Rs 750 per 10 kg.

Turning to futures, castorseeds June contract resumed lower at Rs 3,515, but later rebounded to Rs 3,592 before closing at Rs 3,550 from Rs 3,526 previously, showing a gain of Rs 24 per tonne.
Moving to edible segment, both groundnutoil and refined palmolein ended unaltered at Rs 1,190 and Rs 505 per 10 kg each, respectively.