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Groundnutoil climb on surging demand

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Press Trust of India Mumbai
Groundnutoil prices climbed further at the Vashi oils and oilseeds wholesale market today on surging demand from stockists and retailers amid weak arrivals from producing belts.

Castorseed bold and castor oil commercial also moved up further due to good demand from shippers and soap industries.

While, refined palmolein and linseed oil held stable in absence of any largescale buying.

In edible segment, groundnutoil rose by Rs 10 per 10 kg to Rs 1,300 from Monday's close of Rs 1,290. Refined palmolein remained unaltered at Rs 555 per 10 kg.

Moving to non-edible section, castorseed bold edged up by Rs 20 per 100 kg to Rs 3,320 from overnight close of Rs 3,300 and castoroil commercial rose by Rs 4 per 10 kg to Rs 694 from Rs 690.
 

Linseed oil closed unchanged at Rs 1,150 per 10 kg.

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First Published: Jun 28 2016 | 3:57 PM IST

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