Industrial oils recover on good demand

Castorseeds bold and castor oil commercial recovered smartly in an otherwise sluggish Vashi oils and oilseeds wholesale market here today on good demand from shippers and soap industries.
While, linseedoil declined owing to reduced offtake from paint and allied industries.
In edible segment, groundnut oil fell further due to weak demand from stockist and retailers amid ample arrival from producing regions.
Refined palmolein also slid following lack of retail buying support.
In non edible segment, castorseeds bold climbed by Rs 50 per 100kg to Rs 3,975 from Tuesday's closing level of Rs 3,925 and castoroil commercial rose by Rs 10 per 10kg to Rs 825.

However, linseed oil eased by Rs 5 per 10 kg to Rs 735 as against Rs 740 previously.
Moving to edible-segment, groundnut oil dropped by Rs 5 per 10 kg to Rs 730 from overnight close of Rs 735, while refined palmolein moved down by Rs 3 per 10 kg to Rs 550 as compared to Rs 553 yesterday.