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Linseed oil surges on rising demand

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Press Trust of India Mumbai
Last Updated : Jun 01 2016 | 5:02 PM IST
Linseed oil prices surged further at the Vashi oils and oilseeds wholesale market today on rising demand from paint and allied industries.
However, refined palmolein prices edged down owing to mild offtake from retailers.
Groundnut oil ruled steady in absence of any large-scale buying activity.
Castorseed bold and castoroil commercial prices also dropped further following reduced demand from shippers and soap industries.
In the non-edible section, linseed oil climbed by Rs 30 per 10 kg to Rs 1,280 from Tuesday's close of Rs 1,250.
While, castorseeds bold fell by Rs 20 per 100 kg to Rs 3,225 as against Rs 3,245 yesterday and castoroil commercial moved down by Rs 4 per 10 kg to Rs 675 from Rs 679 previously.
In the edible segment, refined palmolein softened by Rs 2 per 10 kg to Rs 576 from yesterday's close of Rs 578 and groundnut oil closed unchanged at Rs 1,180 per 10 kg.

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First Published: Jun 01 2016 | 5:02 PM IST

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