Edible, non-edible oils strengthen on sustained demand

Groundnut oil strengthened further at the Vashi oils and oilseeds wholesale market here today due sustained demand from stockists and retailers.

Refined palmolein moved up owing firm retail offtake.

In non-edible segment, castorseeds bold and castoroil commercial gained owing to persistent demand from shippers and soap industries.

Linseed oil continued to remain stable in the absence of any worthwhile buying activity.

In the edible segment, groundnut oil climbed by Rs 10 per 10 kg to Rs 810 from Tuesday's closing level of Rs 800 and refined palmolein rose Rs 6 per 10 kg to Rs 603 against Rs 597 yesterday.

Moving to non-edible section, castorseeds bold moved up by Rs 20 per 100kg to Rs 4,850 compared to Rs 4,830 and the castoroil commercial added Rs 4 per 10 kg to Rs 1,000 from Rs 996, previously. Linseed oil ended unaltered at Rs 750 per 10 kg.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)