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Moderate recovery in castoroil prices

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Press Trust of India Mumbai

Castorseed bold and castoroil commercial recovered moderately at the oils and oilseeds market here today on fresh enquiries from shippers and soap manufacturing units.

Castorseed futures also rose on the back of renewed export orders. Refined palmolein moved up further owing to mild stockist offtake.

Meanwhile, groundnut oil and linseed oil ruled stable in the absence of market moving factors.

In the edible oil section, refined palmolein gained by a rupee per 10 kg to Rs 444 from overnight's closing level of Rs 443. While, groundnut oil were unchanged at Rs 850 per 10 kg.

Moving to the non-edible section, castorseed bold rose by Rs 20 per 100 kg to Rs 3,725 from yesterday's closing level of Rs 3,705 and castoroil commercial moved up by Rs 4 per 10 kg to 775 as against Rs 771 previously.

 

Linseedoil remained unaltered at Rs 560 per 10 kg.

Turning to the futures section, castorseed October contract resumed lower at Rs 3,705 and advanced slightly further to Rs 3,725 before settling at 3,724 from Rs 3,710 previously, showing a modest gain of Rs 14 per tonne.

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First Published: Aug 03 2010 | 5:42 PM IST

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