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Industrial oils gain on rising demand

Groundnut oil prices gained further at the Vashi oils and oilseed wholesale market here today following rising demand from stockists and retailers.


PTI 03 Aug 2018, 01:03 PM India

Groundnut oil prices gained further at the Vashi oils and oilseed wholesale market here today following rising demand from stockists and retailers.

While refined palmolein weakened further owing to reduced demand from retailers.

Meanwhile, groundnut oil and linseeds oil ruled steady in absence of any large-scale buying activity.

In the non-edibles segment, castor seeds bold rose by Rs 15 per 100 kg to Rs 4,565 from Thursday's closing level of Rs 4,550 and castor oil commercial edged up by Rs 3 per 10kg to Rs 943 as against Rs 940.

Linseeds oil ended unaltered to Rs 945 per 10kg.

Moving to edibles section, refined palmolein softened by Rs 3 per 10kg to Rs 665 from Rs 668 and groundnut oil closed unchanged at Rs 920 per 10kg.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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