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| Palmoil edges up on good stockists offtake |
| Press Trust of India / Mumbai Jul 27, 2010, 17:36 IST |
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Refined palmolein moved up in an otherwise lacklustre oils and oilseeds market here today due to good stockists offtake amidst scattered buying support. Castorseed futures August contract also recovered on fresh export orders.
While, Castorseed bold and castoroil commercial moved down further on lack of enquiries from soap industries. Groundnutoil and linseedoil ruled steady in the absence of market moving factors.
In the edible oil section, refined palmolein moved up by Rs 2 per 10 kg to Rs 431 from yesterday closing level of Rs 429, while, Groundnutoil remained unchanged at Rs 865 per 10 kg.
Moving to Non-edible section, Castorseed bold eased further by Rs 5 per 100 kg to Rs 3,725 from Rs 3,730 and castoroil commercial softened further by a rupee per 10 kg to Rs 775. Linseed oil were unaltered at RS 560 per 10 kg.
Turning to the futures section, castorseed August contract resumed higher at Rs 3,637, and moved in range of Rs 3,650 and Rs 3,630 before ending at Rs 3,643 from Rs 3,632 yesterday, showing a gain of Rs 11 per tonne.
However, Castorseed futures October opened slightly higher at Rs 3,750 and advanced further to Rs 3,754 before closing at Rs 3,743 as against Rs 3,748 previously, showing a marginal loss of Rs 5 per tonne.
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