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Refined palmolein recovers on renewed demand


Mumbai : Refined palmolein recovered at the Vashi oils and oilseeds wholesale market here today on renewed demand from retailers.

While, groundnut oil declined following lower demand from stockists and retailers.

Among the non-edibles, castorseeds bold and castoroil commercial slipped owing to subdued demand from shippers and soap industries.

Linseed oil ruled steady in the absence of any buying activity.

In the edible section, refined palmolein gained by Rs 8 per 10kg to Rs 564 from Friday’s close Rs 556, but, groundnut oil fell by Rs 20 per 10 kg to Rs 1,370 as against Rs 1,390 yesterday.

In the non-edible section, castorseeds bold eased by Rs 5 per 100 kg to Rs 3,650 as compared to Rs 3,655 previously and castoroil commercial softened by a Re per 10kg to Rs 760.

Linseed oil prices closed unchanged at Rs 1,150 per 10 kg.

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