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Groundnut oil strengthens on sustained demand

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Press Trust of India Mumbai
Groundnut oil prices strengthened further at the Vashi oils and oilseeds wholesale market here today on sustained demand from stockists and retailers.

Meanwhile, refined palmolein and linseed oil maintained a stable trend in the absence of any largescale buying activity.

In the non-edible section, castorseeds bold and castor oil commercial dropped further due to subdued demand from shippers and soap manufacturers.

In the edible segment, Groundnut oil advanced by Rs 5 per 10 kg to Rs 785 from Thursday's closing level of Rs 780.

However, refined palmolein closed unchanged at Rs 565 per 10 kg.

Moving to non-edible segment, Castorseeds bold declined by Rs 25 per 100 kg to Rs 4,225 from Rs 4,250 and castor oil commercial moved down by Rs 5 per 10 kg to Rs 875 as against Rs 880 previously. Linseeds oil closed unaltered at Rs 745 per 10 kg.

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First Published: Jul 04 2014 | 4:18 PM IST

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