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Groundnut oil surge on heavy demand

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Press Trust of India Mumbai

Refined palmolein also edged up on better retail buying support.

Meanwhile, castorseeds bold and castor oil commercial prices eased further owing to subdued demand from shippers and soap industries.

Linseed oil prices maintained a stable trend in the absence of any worthwhile buying.

In futures, castorseeds moved down further in a volatile trade amid lack of export enquiries.

In the edible section, groundnut oil shot-up by Rs 25 per 10 kg to Rs 1,225 from Wednesday's closing level of Rs 1,200. Refined palmolein inched up by a rupee per 10kg to Rs 516 from Rs 515.

Turning to the non-edible segment, castorseeds bold went down by Rs 10 per 100 kg to Rs 3,440 from Rs 3,450 and castor oil commercial slipped by Rs 2 per 10 kg to Rs 718 as against Rs 720 yesterday. However, linseedoil closed unchanged at Rs 820 per 10 kg.

 

Moving to futures, Castorseed December resumed slightly lower at Rs 3,615, but later gained to Rs 3,635 before drifting to close at Rs 3,602 as compared to Rs 3,617 previously, showing a modest loss of Rs 15 per tonne.

  

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First Published: Nov 22 2012 | 5:35 PM IST

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