Industrial oils firms up on persistent demand

Castorseeds bold and castor oil commercial firmed up at the Vashi oils and oilseeds wholesale market in Mumbai on Friday following persistent demand from shippers and soap manufacturing units. In the edible oil, refined palm olein rose further on sustained offtake from retailers. While groundnut oil and linseed oil maintained its stable trend in the absence of any worthwhile buying. In the non-edible segment, castor seeds bold climbed by Rs 10 per 100 kg to Rs 4,110 from Thursday's closing level of Rs 4,100 and castor oil commercial moved up by Rs 2 per 10kg to Rs 852 as against Rs 850 previously. Linseed oil closed unchanged at Rs 850 per 10 kg. Moving to edible section, refined palm olein advanced Rs 3 per 10 kg to Rs 580 as compared to Rs 577 on Thursday. Groundnut oil closed unaltered at Rs 980 per 10 kg. Commodity Trading Tips