Refined palmolein firms up on sustained demand, global cues

Refined palmolein firmed up further in an otherwise lacklustre Vashi oils and oilseeds wholesale market here today due to sustained demand from retailers amidst bullish Malaysian cues.
Meanwhile, groundnut oil slipped following reduced offtake from stockists and retailers on the back of good arrivals from producing regions.
Meanwhile, linseed oil, castorseeds bold and castoroil commercial all maintained a stable trend in the absence of any large-scale buying activity.
In the edible section, refined palmolein climbed by Rs 3 per 10kg to Rs 510 from last Saturday's closing level of Rs 507. However, groundnut oil declined by Rs 10 per 10kg to Rs 870 as against Rs 880 previously.

Moving to non-edible segment, castorseeds bold, castor oil commercial and linseed oil all closed unaltered at Rs 4,200 per 100kg, Rs 870 and Rs 760 per 10kg, respectively.