PTI

Groundnut oil firmed up on renewed demand

Sat, Nov 7 03:24 PM

Mumbai, Nov 7 (PTI) Prices of groundnut oil firmed up on the oils and oilseeds market here today due to renewed demand from retailers amidst restricted supplies from producing regions. Elsewhere, castorseeds bold and its oil moved up on mild enquiries from shippers and soap industry.

Castorseeds futures also rose further owing to sustained export orders. While, refined palmolein eased on poor offtake.

In the edible section, groundnut oil rose by Rs 15 to Rs 665 from yesterday''s closing level of Rs 650. Refined palmolein, however, moved down by Rs 2 to Rs 358 from Rs 360 yesterday.

Turning to the futures section, castorseeds December contract resumed steady at Rs 2,811, but later firmed up to a day''s high of Rs 2,840 before ending at Rs 2,824 as against Rs 2,811, showing a gain of Rs 13. Moving to non-edible section, castorseeds bold edged up Rs 2,800 from Rs 2,795 and castoroil oil commercial also inched up to Rs 590 as against Rs 589 yesterday.

However, linseed oil continued to rule steady at Rs 530. PTI SBP EDM TA.

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