Edible oils harden on sustained demand

Mumbai: Groundnut oil hardened at the oils and oil seeds market here today on persistent demand from stockists as well as exporters on the back of restricted arrivals from producing regions. Refined palmolein also strengthened on heavy consumer demand. Meanwhile, castorseeds bold and castorseed commercial both slipped further due to lack of demand from shippers […]

Mumbai: Groundnut oil hardened at the oils and oil seeds market here today on persistent demand from stockists as well as exporters on the back of restricted arrivals from producing regions. Refined palmolein also strengthened on heavy consumer demand.

Meanwhile, castorseeds bold and castorseed commercial both slipped further due to lack of demand from shippers and soap industries. In the futures market, castorseeds futures also eased on lack of export demand. In the edible section, groundnut oil surged by Rs 10 per 10 kg to Rs 995 from Friday`s closing level of Rs 985 and refined palmolein went up by Rs 8 per 10 kg to Rs 592 from Rs 584 yesterday.