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Groundnut oil surges on firm demand

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Press Trust of India Mumbai
Groundnut oil prices surged further at the Vashi oils and oilseeds wholesale market on firm demand from stockist and retailers amid lower arrivals from producing belts.

While, refined palmolein oil ruled stable in the absence of any major buying activity.

In the non-edible, castorseed bold and castoroil commercial gained further following sustained demand from shippers and soap manufacturers.

Linseed oil rose due to good demand from paint and allied industries.

In the edible segment, groundnut oil climbed by Rs 1,040 per 10kg from Wednesday's closing level of Rs 1,030. However,refined palmolein closed unchanged at Rs 513 per 10kg.

Moving to non-edible segment, Castorseeds bold advanced by Rs 15 per 100kg to Rs 4,340 from Rs 4,325, castoroil commercial moved up by Rs 3 per 10kg to Rs 898 as against Rs 895 yesterday. Linseedoil gained by Rs 5 per 10kg to Rs 775 from Rs 770.

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First Published: Jan 15 2015 | 3:41 PM IST

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