Refined palmolein strengthens on persistent demand

Refined palmolein strengthened further at the Vashi oils and oilseeds wholesale market here today on persistent demand from retailers.
Groundnut oil prices ruled stable in the absence of any worthwhile buying support.
In the non-edibles, castorseed bold and castoroil commercial gained further following firm demand from shippers and soap manufacturers.
Linseed oil surged further on the back of good demand from paint and allied industries.
In the edible section, refined palmolein climbed by Rs 5 per 10kg to Rs 502 from Tuesday's closing level of Rs 497. Groundnut oil closed unchanged at Rs 880 per 10kg.
Moving to non-edible segment, castorseeds bold rose by Rs 10 per 100kg to Rs 4,125 from Rs 4,115,castoroil commercial moved up by Rs 2 per 10kg to Rs 855 as compared to Rs 853 and Linseed also went up by Rs 5 per 10kg to Rs 760 from Rs 755.