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Industrial oils strengthen on sustained demand

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Press Trust of India Mumbai
Last Updated : Oct 31 2014 | 4:11 PM IST
Castorseeds bold and castor oil commercial strengthened further in an otherwise lacklustre Vashi oils and oilseeds wholesale market here today on sustained demand from shippers and soap industries.
Meanwhile, refined palmolein softened owing to lack of retail buying support.
Groundnut oil and linseed oil ruled steady in the absence of any worthwhile buying activity.
In the non-edible section, castorseeds bold shot-up by Rs 50 per 100kg to Rs 4,200 from Thursday's closing level of Rs 4,150 and castoroil commercial moved up Rs 10 per 10kg to Rs 870 as compared to Rs 860 yesterday.
Linseed oil closed unchanged at Rs 760 per 10kg.
Moving to edible segment, Refined palmolein edged-down by Re 1 per kg to Rs 505 per 10kg. Groundnut oil closed unaltered at Rs 880 per 10kg.

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First Published: Oct 31 2014 | 4:11 PM IST

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