Edible oils spurts on festive demand, global cues

Groundnut oil prices surged further at the Vashi oils and oilseeds wholesale market here today due to sustained demand from stockists and retailers on the back of ensuing festivities.
Refined palmolein rebounded smartly owing to renewed offtake from retailers amidst bullish global cues.
Meanwhile, palmoil prices climbed 0.6 per cent to 2,205 ringgit (USD 607) a metric tonne on the Bursa Malaysia Derivatives.
In the non-edibles, Castorseeds bold and castor oil commercial slipped following subdued demand from shippers and soap industries.
Meanwhile, linseed oil maintained a steady trend in the absence of any worthwhile buying activities.
In the edible segment, groundnut oil climbed by Rs 15 per 10kg to Rs 980 from last Saturday's closing level of Rs 965 and refined palmolein shot-up by Rs 13 per 10kg to Rs 498 from Rs 485.

Moving to non-edible section, castorseeds bold moved down by Rs 10 per 100kg to Rs 3,625 from last weekend's level of Rs 3,635 and castoroil commercial eased by Rs 2 per 10kg to Rs 755 from Rs 757.
Linseedoil closed unchanged at Rs 760 per 10kg.