Business Standard

Groundnutoil gains on rising demand

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Press Trust of India Mumbai
Groundnutoil prices gained further at the Vashi oils and oilseeds wholesale market here today on rising demand from stockist and retailers amid ensuing festivities.

Refined palmolein also firmed up due good buying from retailers.

Castorseeds bold and castoroil commercial moved up further following better offtake from soap and shippers industries.

Meanwhile, linseedoil ruled stable in the absence of any major buying from paint and allied industries.

In the edible section, groundnutoil rose by Rs 10 per 10kg to Rs 1,430 from last Saturday's closing level of Rs 1,420 and refined palmolein went-up by Rs 7 per 10kg to Rs 612 as compared to Rs 595 previously.
 

Moving to the non-edible segment, castorseeds bold added by Rs 15 per 100 kg to Rs 3,650 from previous weekend's level of Rs 3,635 and castoroil commercial edged up by Rs 3 per 10 kg to Rs 760 from 757.

Linseedoil closed unchaged at 1,150 per 10 kg.

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First Published: Aug 16 2016 | 4:32 PM IST

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