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Industrial oil rallies on rising demand

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 4:33 AM IST

In futures, castorseeds also surged on heavy speculative demand on the back of consistent export inquiries.

Meanwhile, groundnutoil, refined palmolein and linseedoil all held steady in the absence of any large-scale buying.

In the non-edible segment, castorseeds bold advanced by Rs 75 per 100 kg to Rs 3,850 from Friday's closing level of Rs 3,775 and castoroil commercial gained by Rs 15 to Rs 800 per 10 kg from Rs 785. Linseedoil ruled stable at Rs 830 per 10 kg.

Turning to futures, castorseeds for the September contract opened slightly lower at Rs 4,015, but later shot up to close at Rs 4,105 as compared to Rs 4,016 yesterday, showing a net gain of Rs 89 per tonne.

However moving to edible segment, both groundnutoil and refined palmolein ended unaltered at Rs 1,185 and Rs 624 per 10 kg respectively.

  

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First Published: Jul 21 2012 | 3:35 PM IST

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