Linseed oil extends gains on festive offtake

Linseed oil strengthened further at the Vashi oils and oilseeds wholesale market today due to persistent offtake from allied and paint industries on the back of ensuing festival seasons.
While, castorseeds bold and castor oil commercial ruled stable in the absence of any worthwhile buying activity.
In the edibles segment, refined palmolein softened further following lower demand from retailers.
Groundnut oil ruled steady due to lack of any worthwhile buying.
In non-edible section, linseed oil climbed by Rs 5 per 10kg to Rs 835 from Tuesday's level of Rs 830. Castorseeds bold and castoroil commercial closed unchanged at Rs 4,075 per 100kg and Rs 845 per 10kg, respectively.

Moving to edible section, refined palmolein moved down by a Re per 10kg to Rs 480. Groundnut oil closed unaltered at Rs 880 per 10kg.