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Refined palmolein rallies on persistent demand

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Press Trust of India Mumbai
Refined palmolein prices continued its rising trend at the Vashi oils and oilseeds wholesale market here today due to persistent retail demand.

Groundnut oil and linseed oil maintained a stable trend in the absence of any worthwhile buying activity.

In the non-edible segment,castorseeds bold and castoroil commercial prices gained further owing to firm demand from shippers and soap industries.

In the edible segment, refined palmolein rose by Rs 6 per 10kg to Rs 570 from Monday's closing level of Rs 564. Groundnut oil closed unchanged at Rs 740 per 10kg.

Moving to non-edible segment, castorseeds bold advanced by Rs 25 per 100kg to Rs 4,050 from Rs 4,025 and castor oil commercial moved up by Rs 5 per 10kg to Rs 840 as against Rs 835 yesterday. Linseedoil closed unchanged at Rs 735 per 10kg.

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First Published: Jun 17 2014 | 4:23 PM IST

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