Follow Us:

Groundnut oil maintains bullish trend

PTI | Mumbai |

Groundnut oil prices maintained its uptrend at the Vashi oils and oilseeds wholesale market here on Friday following sustained demand from stockists and retailers amidst festive offtake.

Refined palmolein also recovered due to renewed offtake from retailers.

Castorseeds bold and castoroil commercial slipped owing to subdued demand from soaps and shippers industries.

Meanwhile, linseeds oil ruled steady in the absence of any large-scale buying activities.

In the edible section, groundnut oil rose by Rs 10 per 10 kg to Rs 950 from Thursday’s closing level of Rs 940 and refined palmolein climbed by Rs 3 per 10kg to Rs 623 against Rs 620.

Moving the non-edible segment, castorseeds bold eased by Rs 5 per 100kg to Rs 4,560 compared to Rs 4,565 on Thursday and castoroil commercial edged down by a Re per 10kg to Rs 942 and Linseeds oil ended unaltered at Rs 770 per 10kg.