Industrial oils strengthen on consistent demand

Prices of Castorseeds bold and castoroil commercial continued rose further at the Vashi oils and oilseeds wholesale market here today following consistent demand from shippers and soap manufacturing units.
In the edible oil, refined palmolein slipped followed lower offtake from retailers.
While groundnut oil and linseed oil ruled stable in the absence of any worthwhile buying.
In the non-edible segment, castorseeds bold rose by Rs 40 per 100 kg to Rs 4,290 from Monday's closing level of Rs 4,250 and castoroil commercial moved up by Rs 8 per 10 kg to Rs 888 as against Rs 880 previously.
Linseedoil closed unchanged at Rs 850 per 10 kg.

Moving to edible section, refined palmolein moved down by Rs 2 per 10 kg to Rs 583 as compared to Rs 585 yesterday. Groundnut oil closed unaltered at Rs 980 per 10 kg.