Edible oils surges on sustained demand

Groundnut oil prices recovered smartly at the Vashi oils and oilseeds wholesale here on renewed demand from stockist and retailers.
Refined palmolein prices hardened on firm offtake from retailers.
While, linseeds oil ruled steady in the absence of any worthwhile buying activity.
In the non-edible, castorseeds bold and castoroil commercial slipped due to reduced demand from shippers and soap industries.
In the edible segment, groundnutoil climbed by Rs 10 per 10-kg to Rs 990 from Wednesday's closing level of Rs 980 and Refined palmolein shot-up by Rs 9 per 10kg to Rs 493 as against Rs 484 yesterday.
However, moving to non-edible segment, Castorseeds bold fell by Rs 65 per 100kg to Rs 4,100 from Rs 4,165 and castoroil commercial declined by Rs 13 per 10kg to Rs 850 as compared to Rs 863 previously.

Linseed oil closed unchanged at 770 per 10kg.