Industrial oils surge in listless trade

Castorseeds bold and castor oil commercial surged further in an otherwise listless Vashi oils and oilseeds wholesale market on Wednesday on sustained demand from shippers and soap manufacturers. While, refined palmolein edged down further due to absence of retail demand amid bearish Malaysian cues.Meanwhile, groundnut oil and linseeds oil ruled stable following lack of any large-scale buying activity.

In the non-edible segment, castor seeds bold climbed by Rs 50 per 100 kg to Rs 4,325 from Tuesday's closing level of Rs 4,275 and castor oil commercial moved up by Rs 10 per 10 kg to Rs 895 from Rs 885. Linseeds closed unchanged at Rs 760 per 10 kg.

Moving to edible section, refined palmolein softened by a Rs per 10 kg to Rs 532. However, groundnut oil closed unaltered at Rs 965 per 10 kg. 

Also Read: Industrial oils gain on good demand