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| Castoroil improves further on sustained industrial demand |
| Press Trust of India / Mumbai Jul 10, 2010, 16:02 IST |
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Castorseed bold and castoroil commercial improved further at the oils and oilseeds market here today due to persistent demand from shippers and soap manufacturers.
Castorseed futures also firmed up on renewed export enquiries. Meanwhile, groundnut oil, refined palmolein and linseed oil ruled steady in the absence of market moving factors.
In the non-edible section, castorseed bold rose by Rs 15 per 100 kg to Rs 3,615 from overnight's closing level of Rs 3,600 and castoroil commercial edged up by Rs 3 per 10 kg to Rs 753 as against Rs 750 previously.
Linseedoil were stable at Rs 495 per 10 kg.
Turning to the futures section, castorseed's August contract resumed higher at Rs 3,627 and shot up further to close at Rs 3,667 from yesterday's closing level of Rs 3,612, showing a smart gain of Rs 55 per tonne.
Moving to edible section, groundnut oil and refined palmolein both closed unaltered at Rs 775 and Rs 407 per 10 kg each, respectively.
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