Groundnut oil prices rise on fresh demand

Groundnut oil prices rose at the oils and oilseeds market here today on fresh demand from stockist and retailers amid good export offtake.
Refined palmolein recovered on heavy retail buying.
Meanwhile, castorseeds bold, castoroil commercial and linseed oil prices ruled steady in the absence of any worthwhile buying.
In the futures market, castorseeds eased amidst volatility on the back of lower export enquiries.
In the edible section, groundnut oil climbed by Rs 10 per 10 kg to Rs 1,220 from Tuesday's closing level of Rs 1,210 and refined palmolein gained by Rs 4 per 10 kg to Rs 511 from Rs 507.

Turning to futures, castorseeds June contract resumed lower at Rs 3,895, but later rose to Rs 3,923 before settling at Rs 3,894 from 3,900 previously, showing a mere loss of Rs 6 per tonne.
Moving to non-edible section, Castorseeds bold, castor oil commercial and linseeds oil prices all closed unchanged at Rs 3,600 per 100 kg, Rs 750 per 10 kg and Rs 790 per 10 kg, respectively.