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Refined palmolein recovers on fresh buying support

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Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 4:14 AM IST

Refined palmolein recovered marginally in an otherwise subdued oils and oilseeds market here today due to fresh buying support coupled with higher Malaysian advices.

Castorseeds futures also declined on poor export enquiries.

Meanwhile, other edible and non-edible oils maintained a stable trend in the absence of necessary buying activity.

In the edible segment, refined palmolein moved up by Rs 2 per 10 kg to Rs 494, from yesterday's closing level of Rs 492, while groundnutoil held steady at Rs 870 per 10 kgs.

In the futures segment, castorseed's October contract resumed steady at Rs 3,694 and moved in a range of Rs 3,700 and Rs 3,680 before ending at Rs 3,686, as against Rs 3,694, showing a further fall of Rs 8 per tonne.

However, castorseeds bold, castoroil commercial and linseed oil remained unaltered at Rs 3,725, Rs 775 and Rs 570, respectively.

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First Published: Aug 14 2010 | 3:19 PM IST

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