Groundnut oil climbs on sustained demand

Groundnut oil prices surged at the oils and oilseeds Vashi wholesale market here today on sustained demand from stockist and retailers.
Refined palmolein recovered modestly on renewed demand from retailers on the back of higher Malaysian cues.
In the non-edible section, castorseeds bold, castor oil commercial and linseed oil all ruled stable in the absence of any worthwhile buying.
On the futures market, castorseeds fell on speculative selling following subdued export enquiries.
In the edible section, Groundnut oil shot-up by Rs 25 per 10kg to Rs 1,070 from Friday's closing level of Rs 1,045. Refined palmolein inched-up by a rupee per 10kg to Rs 509.

Moving to futures, Castorseeds June contract opened slightly higher at Rs 3,355 and moved in a range of Rs 3,365 and Rs 3,314 before finishing at Rs 3,320 from previous closing level of Rs 3,352, a net loss of Rs 32 per tonne.
Turning to non-edible, Castorseeds bold, castoroil commercial and linseed oil all closed unchanged at Rs 3,400 per 100kg, Rs 710 per 10kg and Rs 740 per 10kg, respectively.