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Groundnut oil strengthens on rising demand

August 19, 2017 by Pallavi Bhat Leave a Comment

Groundnut oil strengthened at the Vashi oils and oilseeds wholesale market here today on consistent demand from stockists and retailers.

Refined palmolein also surged following sustained demand from retailers.

Castorseeds bold and castor oil commercial also firmed up due to persistent demand from shippers and soap industries.

Linseed oil continued to remain stable in the absence of any worthwhile buying from paint and allied industries.

groundnut oil
In the edible segment, groundnut oil went-up by Rs 5 per 10 kg to Rs 855 from Friday’s close of Rs 850 and refined palmolein moved up by Rs 4 per 10 kg to Rs 564 from Rs 560.

Moving to non-edible section, castorseeds bold rose by Rs 15 per 100 kg to Rs 4,770 as compared to Rs 4,755 and castor oil commercial edged up by Rs 3 per 10kg to Rs 984 as against Rs 981 yesterday.

Linseed oil ended unaltered at Rs 750 per 10 kg.

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Filed Under: Trending Tagged With: castor oil, Castorseeds, consistent demand from stockists and retailers, edible oils, edible segment, Groundnut oil, Groundnut oil strengthens on rising demand, groundnut oil went-up by Rs 5 per 10 kg to Rs 855, Linseed oil continued to remain stable, Linseed oil ended unaltered at Rs 750 per 10 kg, Refined palmolein also surged, refined palmolein moved up by Rs 4 per 10 kg to Rs 564 from Rs 560, Vashi oils and oilseeds wholesale market

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