Groundnut oil strengthens further on rising demand

Groundnut oil strengthened at the vashi oils and oilseeds wholesale market here today on consistent demand from stockists and retailers.

While, refined palmolein ruled stable in the absence of any worthwhile buying.

Castorseeds bold and castor oil commercial also firmed up due to persistent demand from shippers and soap industries.

Linseed oil continued to remain stable in the absence of any worthwhile buying from paint and allied industries.

In the edible segment, groundnut oil went-up by Rs 5 per 10 kg to Rs 860 from Saturday's close of Rs 855 while, refined palmolein closed unchanged at Rs 564 per 10 kg.

Moving to non-edible section, castorseeds bold rose by Rs 55 per 100 kg to Rs 4,825 as compared to Rs 4,770 and castor oil commercial gained by Rs 11 per 10 kg to Rs 995 as against Rs 984.

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.)