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Refined palmolein edges up on better demand

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Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 2:11 AM IST

Groundnut and linseed oils held stable owing to lack of any major buying activity.

Castorseed bold and castoroil commercial gained on good demand from shippers and soap manufacturers.

In futures, castorseeds prices advanced following speculative offtake on the back of higher export enquiries.

In the edible segment, refined palmolein added by Rs 2 per 10 kg to Rs 620 from last Saturday's closing level of Rs 618. Groundnut oil closed unchanged at Rs 1,190 per 10 kg.

Turning to non-edible segment, castorseeds bold rose by Rs 50 per 100 kg to Rs 3,300 from Rs 3,250 and castoroil commercial moved up by Rs 10 per 10 kg to Rs 690 from Rs 680 previously. Linseed oil closed unaltered at Rs 740 per 10 kg.

In futures, castorseeds for the September contract opened higher at Rs 3,505 and surged further to Rs 3,537 before finishing at Rs 3,531 as compared to Rs 3,493 last weekend, showing a gain of Rs 38 per tonne.

  

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First Published: Jul 09 2012 | 6:06 PM IST

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