Edible, non-edible oils recovers on renewed demand

Groundnut oil prices recovered at the Vashi oils and oilseeds wholesale market here today due to renewed demand from stockists and retailers.
Refined palmolein also gained on good retail buying support.
In the non-edibles, castorseed bold and castor oil commercial rebounded owing to fresh demand from shippers and soap industries.
Meanwhile, linseedoil maintained a stable trend in the absence of any worthwhile buying activity.
In the edible segment, Groundnutoil shot-up by Rs 10 per 10kg to Rs 740 from Monday's closing level of Rs 730 and Refined palmolein moved-up by Rs 3 per 10kg to Rs 553 as compared to Rs 550 yesterday.

Moving to non-edible segment, castorseeds bold climbed by Rs 50 per 100kg Rs 3,950 from Rs 3,900,castoroil commercial went-up by Rs 10 per 10kg to Rs 820 as against Rs 810 previously. Linseedoil closed unchanged at Rs 735 per 10kg.