Edible, non-edible oils strengthen on firm demand

Image
Press Trust of India Mumbai
Last Updated : Jun 23 2014 | 4:30 PM IST
Groundnut oil prices strengthened further at Vashi oils and oilseeds wholesale market here due to firm demand from stockists and retailers.
Refined palmolein rebounded on fresh retail buying support.
In the non-edible, castorseeds bold and castoroil commercial and advanced further owing to sustained demand from shippers and soap manufacturers.
Linseedoil maintained a steady trend in the absence of any largescale buying activity.
In the edible segment, groundnut oil climbed by Rs 5 per 10kg to Rs 755 from last Saturday's closing level of Rs 750 and refined palmolein edged-up by Rs 2 per 10kg to Rs 574 from Rs 572.
Moving to non-edible segment, castorseeds bold rose by Rs 50 per 100kg to Rs 4,200 from Rs 4,150, castor oil commercial moved up by Rs 10 per 10kg to Rs 870 as against Rs 860 previously. Linseedoil closed unchanged at Rs 735 per 10kg.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 23 2014 | 4:30 PM IST

Next Story