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Industrial oils recover on renewed demand

PTI | Mumbai |

Castorseeds bold and castoroil commercial recovered at the Vashi oils and oilseeds wholesale market here on Friday following renewed demand from soaps and shippers industries.

While, groundnut oil and refined palmolein slipped owing to lower demand from stockists and retailers.

Meanwhile, linseeds oil maintained their stable trend in absence of any worthwhile buying support.

In the non-edible section, castorseeds bold rose by Rs 45 per 100 kg to Rs 4,460 as against Rs 4,415 yesterday and castoroil commercial moved up by Rs 9 per 10 kg to Rs 922 from Rs 913.

Linseeds oil closed unchanged at Rs 750 per 10 kg.

Moving to edible segment, groundnut oil edged down by Rs 5 per 10kg to Rs 870 as against Rs 875 yesterday and refined palmolein slid by Rs 7 per 10kg to Rs 598 as compared yesterday’s close Rs 605.