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Groundnut oil extends gains on rising demand

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Press Trust of India Mumbai
Groudnut oil prices continued to gain further at the Vashi oils and oilseeds wholesale market here today on rising demand from stockists and retailers.

Elsewhere, refined palmolein prices recovered owing to renewed offtake from retailers.

In the non-edible section, castorseeds bold and castor oil commercial declined due to poor offtake from shippers and soap industries.

In the edible segment, groundnut oil rose by Rs 5 per 10 kg to Rs 1,240 from Friday's closing level of Rs 1,235 and refined palmolein moved up by Rs 3 per 10 kg to Rs 572 as against Rs 569 yesterday.

Moving to non-edible section, castorseeds bold fell by Rs 15 per 100 kg to Rs 3,185 from Rs 3,200 and castoroil commercial went down by Rs 3 per 10 kg to Rs 667 as compared to Rs 670 previously.
 

Linseed oil closed unchanged at Rs 1,200 per 10kg.

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First Published: Jun 11 2016 | 3:42 PM IST

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