Linseed oil firms up further on sustained demand

Linseed oil prices firmed up further at the oils and oilseeds market here today due to sustained enquiries from the paint industry.

Castorseed bold and castoroil commercial advanced further due to renewed enquiries from shippers and soap manufacturers. 

Refined palmolein edged up on mild buying support. Castorseed futures recovered on fresh export enquiries.

In the non-edible oil section, linseed oil shot up by Rs 15 per 10 kg to Rs 550 from the yesterday's closing level of Rs 535.

Castorseed bold rose by Rs 10 per 100 kg to Rs 3,735 from Rs 3,725 and castoroil commercial moved up to Rs 777 per 10 kg from Rs 775.

Turning to the futures section, castorseed August contract resumed lower at Rs 3,631, but later it hardened to Rs 3,661 before ending at Rs 3,656 from Rs 3,638 previously, showing a gain of Rs 18 per tonne.

Castorseed futures October new contract was traded at Rs 3,767 per tonne. Moving to the edible oil section, refined palmolein inched up to Rs 431 per 10 kg from Rs 430 yesterday.

Groundnut oil, however closed unchanged at Rs 865 per 10 kg.