Industrial oils rise on sustained demand

Linseed oil also surged on heavy demand from paint and allied industries.

Refined palmoil eased on reduced retail offtake amid lower Malaysian cues.

Groundnut oil remained stable in the absence of market moving factors.

In futures, castorseeds witnessed speculative stockist selling following reduced export enquiries.

In non-edible segment, castorseed bold moved up by Rs 25 per 100 kg to Rs 3,315 from Monday's closing level of Rs 3,290, castoroil commercial went up by Rs 5 per 10 kg to Rs 693 as against Rs 688 and Linseed oil gained by Rs 10 per 10 kg each to Rs 725 from Rs Rs 715 yesterday.

Turning to edible segment, refined palmoil edged down by Rs 3 per 10 kg to Rs 612 from Rs 615 previously. Groundnut oil closed unaltered at Rs 1,185 per 10 kg.

Moving to futures, castorseed for the September contract resumed lower at Rs 3,580 and drifted lower to Rs 3,539 before ending at Rs 3,551 as against Rs 3,589 previously, showing a loss of Rs 38 per tonne.