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Linseed oil hardens on sustained demand

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Press Trust of India Mumbai
Linseed oil prices hardened at the Vashi oils and oilseeds wholesale market on sustained demand from paint and allied industries coupled with good export offtake.

Groundnut oil also surged following rising demand from stockists and retailers amid restricted supply from producing region.

Elsewhere, refined palmolein, castorseed bold and castoroil commercial ruled steady in absence of any large-scale buying activity.

In the non-edible section, linseed oil climbed by Rs 100 per 10kg to Rs 1,230 from Friday's close Rs 1,130.

Castorseed bold and castoroil commercial closed unchanged at Rs 3,310 per 100kg and Rs 692 per 10kg respectively.

In edible segment, groundnut oil rose by Rs 10 per 10kg to Rs 1,210 from yesterday's close Rs 1,200 and refined palmolein unaltered at Rs 588 per 10kg.

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First Published: May 07 2016 | 3:42 PM IST

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