Refined palmolein firms up on firm demand

Refined palmolein rose at the Vashi oils and oilseeds wholesale market here Wednesday following firm demand from retail buyers.

While, castor seeds bold and castor oil commercial slipped due to mild demand from soaps and shippers industries.

Elsewhere, linseed oil declined owing to sluggish demand from paint and allied industries.

Meanwhile, groundnut oil ruled steady in absence of any worthwhile buying activity.

In the edible section, refined palmolein traded marginally up by Rs 2 to Rs 680 per 10 kg from Tuesday's close Rs 678 and groundnut oil closed unchanged at Rs 890 per 10 kg.

Moving to non-edible segment, castor seeds bold moved down by Rs 10 to Rs 4,620 per 100 kg as against Rs 4,630 yesterday and castor oil commercial edged down by Rs 2 to Rs 954 per 10 kg from Rs 956 yesterday.

Linseed oil also slid by Rs 10 to Rs 950 per 10 kg as compared Rs 960.