Groundnut oil prices recover on renewed demand

Groundnut oil prices recovered smartly at the wholesale market here today due to renewed demand from stockist and retailers.
Meanwhile, refined palmolein maintained a stable trend in the absence of any worthwhile buying.
In the non-edible segment, castorseeds bold and castor oil commercial fell owing to lack of demand from shippers and soap industries.
Linseeds oil moved down further on stockist selling amidst lower demand from paint and allied industries.
In the futures market, castorseeds witnessed slight volality and eased on selling pressure following subdued export enquiries.
In the edible section, Groundnutoil climbed by Rs 10 per 10 kg to Rs 1,210 from weekend's closing level Rs 1,200. Refined palmolein closed unchanged at Rs 515 per 10 kg.

Moving to non-edible section, Castorseeds bold slipped by Rs 25 per 100 kg to Rs 3,625 from Rs 3,650 and castor oil commercial went down by at Rs 5 per 10 kg to Rs 755 as compared to Rs 760 last Saturday. Linseed also dipped by Rs 5 per 10 kg to Rs 860 from Rs 865.
Turning to futures, castorseeds March contract resumed slightly lower at Rs 3,792 and moved in a range of Rs 3,813 and Rs 3,778 before finishing at Rs 3,788 from Rs 3,800 previously, showing a mere loss of Rs 12 per tonne.