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Industrial oil gains on renewed demand

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

Linseeds oil also moved up owing to good demand from paint and allied industries.

Meanwhile, groundnut oil and refined palmolein prices ruled steady in the absence of any worthwhile buying.

In futures, castorseeds recovered on speculative offtake on the back of fresh export enquiries.

In the non-edible segment, castorseeds bold climbed by Rs 25 per 100 kg to Rs 3,525 from Saturday's closing level of Rs 3,500 and castor oil commercial went up by Rs 5 to Rs 735 per 10 kg from Rs 730. Linseed oil added by Rs 5 per 10 kg to Rs 815 as against Rs 810 previously.

Turning to futures, castorseed December contract resumed steady at Rs 3,795 and moved in a range of Rs 3,850 and Rs 3,780 before settling at Rs 3,845 as compared to Rs 3,795 last weekend, showing a gain of Rs 50 per tonne.

However, moving to edible segment, groundnutoil and refined palmolein prices closed unchanged at Rs 1,140 and Rs 527 per 10 kg respectively.

  

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First Published: Oct 29 2012 | 5:25 PM IST

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