Business Standard

Refined palmolein edges up on buying support

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Press Trust of India Mumbai

Refined palmolein edged up in oils and oilseeds market here today on renewed buying support. Castorseeds futures moved down further due to lack of export enquiries.   

Meanwhile, groundnut oil, castorseeds bold, castor oil commercial and linseed oil all closed steady in the absence of any major buying activity. In the edible oil section, refined palmolein inched up to Rs 553 per 10 kg from yesterday's closing level of Rs 552, while groundnut oil remained unchanged at Rs 970 per 10 kg.

Turning to futures section, castorseeds for September delivery opened slightly higher at Rs 4,980 and traded in a range of Rs 4,990 and Rs 4,960 before settling at Rs 4,970 as against Rs 4,975 previously, showing a marginal loss of Rs 5 per tonne. 

 

However, castorseed bold, castor oil commercial and linseed oil all ended unaltered at Rs 5,100, Rs 1,050 and Rs 720 respectively.

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First Published: Aug 20 2011 | 5:06 PM IST

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