Industrial oils recover on renewed demand

Castor seeds bold and castor oil commercial recovered at the Vashi oils and oilseeds wholesale market here today on renewed demand from soaps and shippers industries.

Elsewhere, refined palmolein also rebounded marginally owing to fresh demand from retailers.

While groundnut oil slid further due to lower demand from stockists and retailers.

Meanwhile, linseed oil ruled steady in absence of any large-scale buying activity.

In the non-edible segment, castor seeds bold rose by Rs 15 to Rs 4,515 per 100 kg from last Saturday's closing level of Rs 4,500 and castor oil commercial edged up by Rs 3 to Rs 933 per 10 kg as against Rs 930, previously.

Linseed oil ended unaltered to Rs 940 per 10kg.

Moving to edible section, refined palmolein inched upper 10 kg to Rs 673, but groundnut oil declined by Rs 10 to Rs 930 per 10 kg as against Rs 940.

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