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Groundnut oil hardens on sustained demand

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Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 5:33 AM IST

Refined palmolein also gained on good retail offtake.

In the non-edible section, castorseeds bold, castor oil commercial and linseed held steady in the absence of any worthwhile buying.

In futures, castorseeds moved up slightly on better export enquiries.

In the edible segment, Groundnut oil spurted by Rs 50 per 10 kg to Rs 1,100 from last Saturday's closing level of Rs 1,050. Refined palmolein added by Rs 3 per 10 kg to Rs 513 from Rs 510.

Turning to futures, castorseed December contract resumed lower at Rs 3,710 and moved in a range of Rs 3,764 and Rs 3,703 before settling at Rs 3,721 as compared to Rs 3,715 last weekend, showing a mere gain of Rs 6 per tonne.

However, moving to non-edible segment, Castorseeds bold, castor oil commercial and linseed all closed unchanged at Rs 3,400, Rs 710, Rs 775 respectively.

  

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First Published: Oct 09 2012 | 11:05 AM IST

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