Industrial oils advance on rising demand

By: | Published: June 25, 2016 3:18 PM

industrial oilIn the non-edible section, castorseeds bold climbed by Rs 50 per 100 kg to Rs 3,275 from Friday’s close of Rs 3,225 and castor oil commercial firmed up to Rs 10 per 10 kg to Rs 685 as compared Rs 675 per 10 kg yesterday. (Reuters)

Castorseed bold and castoroil commercial advanced at the Vashi oils and oilseeds wholesale market here today due to rising demand from shippers and soap industries.

While, refined palmolein edged down owing to mild offtake from retail buying.

However, groundnut oil and linseed oil prices ruled steady in absence of any worthwhile buying activity.

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In the non-edible section, castorseeds bold climbed by Rs 50 per 100 kg to Rs 3,275 from Friday’s close of Rs 3,225 and castor oil commercial firmed up to Rs 10 per 10 kg to Rs 685 as compared Rs 675 per 10 kg yesterday.

Linseed oil unaltered at Rs 1,150 per 10kg.

In the edible segment, refined palmolein softened by a Re per 10 kg to Rs 554 and groundnut oil closed unchanged at Rs 1,290.

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