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Groundnut oil firms up on sustained demand

Mumbai: Groundnut oil prices firmed up further at the Vashi oils and oilseeds wholesale market here today on sustained demand from stockist and retailers.While, refined palmolein declined due to lack of demand from retailers, Linseeds

PTI [ Updated: April 19, 2014 16:14 IST ]
groundnut oil firms up on sustained demand
groundnut oil firms up on sustained demand

Mumbai: Groundnut oil prices firmed up further at the Vashi oils and oilseeds wholesale market here today on sustained demand from stockist and retailers.


While, refined palmolein declined due to lack of demand from retailers, Linseeds maintained a stable trend in the absence of any major buying activity.

In the non-edible segment, castorseeds bold and castoroil commercial slipped following reduced demand from shippers and soap manufacturers.

In the edible section, Groundnut oil strengthened by Rs 10 per 10kg to Rs 750 from Thursday's closing level of Rs 740. However, refined palmolein fell by Rs 5 per 10kg to Rs 605 as against Rs 610 previously.

In the non-edible section, castorseeds bold dipped by Rs 50 per 100kg to Rs 3,900 from Rs 3,950 and castoroil commercial moved down by Rs 10 per 10kg to Rs 810 as compared to Rs 820 previously. Linseed oil closed unaltered at Rs 780 per 10kg.

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