Groundnut oil slides on lower demand

Image
Press Trust of India Mumbai
Last Updated : Feb 06 2013 | 7:28 AM IST

Refined palmolein also softened owing to reduced retail buying.

Meanwhile, castorseeds bold, castoroil commercial and linseedoil ruled steady in the absence of any largescale buying.

In the futures market, castorseeds prices gained further amid higher export enquiries.

In the edible section, groundnut oil fell by Rs 10 per 10 kg to Rs 1,260 from last Saturday's closing level of Rs 1,270 and refined palmolein inched down by rupee per 10 kg to Rs 511 from Rs 512 previously.

Turning to futures, castorseed March contract resumed lower at Rs 3,670 and drifted to Rs 3,650 before regaining to close at Rs 3,700 from Rs 3,682 last weekend, showing a gain of Rs 18 per tonne.

Moving to non-edible segment, Castorseeds bold and castoroil commercial and linseedoil all closed unaltered at Rs 3,525 per 100 kg, Rs 735 per 10kg, and Rs 855 per 10 kg, respectively.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 04 2013 | 5:25 PM IST

Next Story