Industrial oils recover in a lacklustre trade

MUMBAI: Castorseeds bold and castor oil commercial prices recovered in an otherwise lacklustre oils and oilseeds Vashi Wholesale market here today on renewed demand from shippers and soap industries.

Meanwhile, groundnut oil, refined palmolein and linseed oil all held steady in the absence of any worthwhile largescale buying activity.

The Castorseeds futures market rates were unavailable. In the non-edible section, castorseeds bold climbed by Rs 25 per 100kg to Rs 3,475 from Monday's closing level of Rs 3,450 and castor oil commercial moved up by Rs 5 per 10kg to Rs 725 as compared to Rs 720 yesterday. However, linseeds oil closed unchanged at Rs 730 per 10kg.

Moving to edible segment, Groundnut oil and refined palmolein prices both closed unaltered at Rs 910 per 10kg and Rs 528 per 10kg respectively.