Industrial oils recover on renewed demand

Castorseeds bold and castoroil commercial recovered at the Vashi oils and oilseeds wholesale market here today on renewed demand from soaps and shippers industries.

While, groundnut oil fell further following reduced demand from stockists and retailers amidst ample supply from producing region.Meanwhile, linseeds oil and refined palmolein held stable in absence of any worthwhile buying activity.In the non-edibles segment, castorseeds bold gained by Rs 50 per 100kg to Rs 4,375 from Monday's closing of Rs 4,325 and castoroil commercial rose by Rs 10 per 10 kg to Rs 905 as against Rs 895.Linseeds oil ended unaltered to Rs 800 per 10 kg.Moving to edible section, groundnut oil dropped by Rs 25 per 10kg to Rs 870 as compared Rs 895 yesterday and refined palmolein closed unchanged at Rs 630 per 10kg.