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Industrial oils strengthen on rising demand

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Press Trust of India Mumbai
Castorseeds bold and castoroil commercial strengthened at the oils and oilseeds wholesale market here today on persistent demand from shippers and soap manufacturers.

Refined palmolein also rose further owing to higher stockists and retail demand on the back of firm Malaysian cues.

Meanwhile, groundnt oil and linseed oil continued to rule stable in absence of any worthwhile buying activity.

The castorseeds futures rates were unavailable.

In non-edible section, castorseeds bold moved up by Rs 25 per 100 kg to Rs 4,000 from last Saturday's close of Rs 3,975 and castoroil commercial went up by Rs 5 per 10 kg to Rs 830 from Rs 825 previously. Linseedoil were unaltered at Rs 835 per 10 kg.
 

Moving to edible segment, refined palmolein climbed by Rs 4 per 10 kg to Rs 612 from last weekend's close of Rs 608, however, groundnut oil closed unchanged at Rs 750 per 10 kg.

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First Published: Feb 24 2014 | 4:47 PM IST

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