Industrial oils strengthen on steady demand

Castorseeds oil and castor oil commercial prices strenghtened further at the Vashi oils and oilseeds on steady demand from shippers and soap manufacturers.
Linseed oil climbed on fresh demand from paint and allied industries.
While, refined palmolein eased further due to lack of retail buying support amid lower Malayasian cues.
Groundnut oil ruled stable in the absence of any worthwhile buying activity.
In the futures market, castorseeds for December surged further on speculative offtake on the back of steady export enquiries.
In the non-edible segment, castorseed bold climbed by Rs 75 per 100kg to Rs 4,250 from Thursday's closing level of Rs 4,175, castoroil commercial also climbed by Rs 15 per 10kg to Rs 880 from Rs 865 and Linseed oil gained by Rs 5 per 10kg to Rs 825 as against Rs 820 yesterday.

Moving to edible section, refined palmolein declined by Rs 2 per 10kg to Rs 590 as compared to Rs 596. However, groundnut oil closed unchanged at Rs 830 per 10kg.
Turning to futures, castorseed December contract resume lower at Rs 4,200 and later moved up to Rs 4,388 before settling at Rs 4,378 from Rs 4,268 previously, showing a net rise of Rs 110 per tonne.