Industrial oils surge on rising demand

, 4:08 PM IST

Mumbai: Industrial oils surged at the Vashi oils and oilseeds wholesale market here today due to heavy buying pressure from stockists and industrial users.

Meanwhile, groundnut oil and refined palmolein prices ruled stable in the absence of any worthwhile buying activity.

Moving to non-edible segment, castor seeds bold rose by Rs 10 per 100 kg to Rs 3,150 from Saturday’s closing level of Rs 3,140 and castor oil commercial edged up by Rs 2 per 10 kg to Rs 660 as compared to Rs 658 previously.

Linseed oil also gained by Rs 5 per 10 kg to Rs 870 from overnight closing level of Rs 865.

In the edible section, groundnut oil and refined palmolein closed unchanged at Rs 970 per 10 kg and Rs 557 per 10 kg, respectively.