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Further rise in castoroil prices on sustained demand

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Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 4:48 AM IST

Prices of castorseeds bold and castoroil commercial firmed up further at the oils and oilseeds market here today due to sustained enquiries from shippers and soap manufacturers.

Refined palmolein also moved up owing to fresh buying support coupled with higher Malaysian advices. Meanwhile, castorseeds futures declined on poor export orders.

Groundnut oil and linseed oil ruled steady in the absence of market moving factors.

In non-edible section, castorseeds bold firmed up by Rs 25 per 100 kg to Rs 4,225 from yesterday's closing level of Rs 4,200 and castoroil commercial looked up by Rs 5 per 10 kgs to Rs 875, as against Rs 870 previously.

Linseed oil closed unchanged at Rs 550 per 10 kg.

Turning to edible oil section, refined palmolein rose by Rs 4 to Rs 459 per 10 kg, as against Rs 455 yesterday, while groundnut oil held steady at Rs 895.

Moving to futures section, castorseed's October contract resumed lower at Rs 4,030 and dropped further to close at Rs 4,008 from Rs 4,037 previously, showing a loss of Rs 29 per tonne.

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First Published: Sep 18 2010 | 3:49 PM IST

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