Groundnut oil mends on changed demand

May 03 2016 05:53 PM
Groundnut oil mends on changed demand

Groundnut oil improved vigorously at the Vashi oils and oilseeds wholesale market today following renewed claim from stockists and retailers. Although refined palmolein slipped owing to compact calls from retailers.

In the non-edible section, castor seeds bold, castor oil commercial trodden up due to increasing demand from shippers and soap industries.

Linseed oil also surged following good demand from paint and allied industries.

In the edible piece, groundnut oil rose by Rs 10 per 10 kg to Rs 1,150 from Monday's last level of Rs 1,140 but refined palmolein eased by Rs 5 per 10 kg to Rs 580 as against Rs 585 yesterday.

In non-edible section, castorseed bold gained by Rs 5 per 100 kg to Rs 3,320 as compared to Rs 3,315 yesterday's close and castoroil commercial inched up by a Re per 10 kg to Rs 694.Linseed oil also climbed by Rs 20 per 10 kg to Rs 990 as against Rs 970 previously.

© 2019 News Track Live - ALL RIGHTS RESERVED