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Refined palmolein falls on subdued demand

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 5:29 AM IST

Groundnut oil and linseed oil prices ruled steady in the absence of any worthwhile buying.

In the non-edible segment, castorseeds bold and castoroil commercial declined further on subdued demand from shippers and soap industries.

In futures, castorseeds market witnessed hectic speculative selling owing to lack of export enquiries.

In the edible segment, Refined palmolein slipped by Rs 10 per 10kg to Rs 572 from Thursday's closing level of Rs 585. Groundnut oil and linseed closed unchanged at Rs 1,110 per 10 kg and Rs 820 per 10 kg respectively.

Turning to non-edible segment, Castorseeds bold moved down by Rs 35 per 100 kg to Rs 3,715 from Rs 3,750 and castor oil commercial also went down by Rs 7 per 10 kg to Rs 773 as against Rs 780 yesterday.

Moving to futures, castorseed December contract resumed lower at Rs 4,050 and drifted further to close at Rs 3,999 as compared to Rs 4,120 previously, showing a net fall of Rs 121 per tonne.

  

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First Published: Sep 21 2012 | 5:45 PM IST

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