Groundnutoil regained on renewed demand, global cues

Groundnutoil regained smartly at the Vashi oils and oilseeds wholesale market here today due to renewed demand from stockist and retailers.
Refined palmolein edged-up further on sustained retail buying support amidst higher Malaysian cues.
In the global, palmoil for April delivery rose 0.7 per cent to USD 798 a metric tonne on the Malaysia Derivatives Exchange.
Meanwhile, In non-edible section, castorseeds bold, castoroil commercial and linseed oil ruled stable in the absence of any major buying activity.
The castorseeds futures rate were unavailable.
In the edible segment, Groundnutoil climbed by Rs 10 per 10kg to Rs 750 from Tuesday's closing level of Rs 740 and Refined palmolein inched-up by a Re per 10kg to Rs 586.

Moving to non-edible segement,castorseeds bold, castor oil commercial and Linseed oil all closed unchanged at Rs 3,950 per 100kg, Rs 820 and Rs 840 per 10kg.