Industrial oils surges on rising demand

Both castorseeds bold and castor oil commercial surged at the Vashi oils and oilseeds wholesale market here today due to rising demand from shippers and soap manufacturers.
Linseed oil ruled stable in the absence of any worthwhile buying activity.
The castorseeds futures rates were unavailable.
Meanwhile, groundnutoil slipped owing to lower demand from stockist and retailers.
Refined palmolein recovered slightly on renewed demand from retailers amidst higher Malaysian cues.
In non-edible section, castorseeds bold shot-up by Rs 140 per 100kg to Rs 4,115 from Monday's closing level of Rs 3,975 and castoroil commercial advanced by Rs 28 per 10kg to Rs 853 as against Rs 825 previously. Linseedoil closed unchanged at Rs 825 per 10kg.

Moving to edible segment, groundnutoil dropped by Rs 5 per 10kg to Rs 805 from Rs 810 however, refined palmolein moved-up by Rs 2 per 10kg to Rs 572 as compared to Rs 570 yesterday.