Industrial oils recovers on renewed demand

Castorseeds bold and castoroil commercial recovered at the Vashi oils and oilseeds wholesale market here today on renewed demand from shippers and soap industries.
While, linseedoil remained steady in the absence of any worthwhile buying.
In edible segment, groundnutoil eased owing to reduced offtake from stockists and retailers amid adequate supply positions.
Refined palmolein also declined due to lack of retail buying support.
In the non-edible section, castorseeds bold rose by Rs 25 per 100 kg to Rs 4,050 from Friday's closing level of Rs 4,025 and castoroil commercial also gained by Rs 5 per 10 kg to Rs 840 from Rs 835. Linseedoil closed unchanged at Rs 765 per 10 kg.

Moving to edible section, groundnutoil and refined palmolein slipped by Rs 5 per 10 kg each to Rs 785 and Rs 505 from overnight close of Rs 790 and Rs 505 respectively.