Edible oils gain on sustained demand

Groundnut oil gained further at the Vashi oils and oilseeds wholesale market here today following sustained demand from stockists and retailers.

Elsewhere, refined palmolein edged-up owing to mild offtake from retailers.

In non-edible section, castor seeds bold and castor oil commercial both held stable in absence of any large-scale buying activity.

Linseed oil rose further due to good demand from paint and allied industries.

Moving the edible segment, groundnut oil climbed by Rs 10 to Rs 950 per 10 kg from Wednesday's closing level of Rs 940 and refined palmolein inched up by a rupee to Rs 667 per 10 kg.

In the non-edibles segment, linseed oil moved up by Rs 5 to Rs 950 per 10 kg as compared to Rs 945. However, castor seed bold and castor oil commercial closing unchanged Rs 4,530 per 100kg and Rs 936 per 10 kg, respectively.