Linseed oil strengthens on sustained demand

Linseed oil prices strengthened further at the Vashi oils and oilseed wholesale market here today on sustained demand from paint and allied industries.
Meanwhile, industrial oil, castorseeds bold and castor oil commercial slipped due to lower offtake from shippers and soap manufacturers.
In the edible section, groundnut oil declined further following subdued demand from stockists and retailers.
Refined palmolein eased due to lower offtake from retailers.
In the non-edible section, linseed oil rose Rs 5 per 10kg to Rs 810 from Wednesday's closing level of Rs 805. However, castorseed bold declined Rs 15 per 100kg to Rs 4,110 from Rs 4,125 and castoroil commercial moved down by Rs 3 per 10kg to Rs 852 as against Rs 855 yesterday.

Moving to edible segment, groundnut oil fell Rs 10 to Rs 940 per 10kg from Rs 950 and refined palmolein softened by a Re per 10kg to Rs 492.