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Castorseeds futures moves up on good export enquiries

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Press Trust of India Mumbai

Castorseed futures moved up in the oils and oilseeds market here today on renewed export orders, while castorseed bold and its oils also gained on the back of fresh demand from shippers and soap manufacturers.

Refined palmolein edged up on mild consumer demand, but groundnut oil remained stable due to thin trade.

Linseed oil remained unaltered in the absence of buying support.

In the non-edible oils section, castorseeds bold moved up by Rs 5 to Rs 3,275 from the overnight closing level of Rs 3,270 and castor oil commercial edged up by a rupee to Rs 685.

In the futures section, castorseeds August contracts resumed higher at Rs 3,227 and later moved between the range of Rs 3,232 to Rs 3,212, before settling at Rs 3,232 from Rs 3,223 yesterday, showing a gain of Rs 9.

Meanwhile, linseed oil prices remained stable at Rs 505.

In the edible oils section, refined palmolein moved up slightly by Rs 2 to Rs 407 from Rs 405 yesterday.

Groundnut oil prices remained stable at Rs 705.

 

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First Published: Jun 01 2010 | 6:40 PM IST

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