Refined palmolein edges up on stray demand

Refined palmolein edged up in an otherwise sluggish oils and oilseeds market here today on stray retail buying support.
Meanwhile, groundnut oil declined due to subdued offtake from stockists and retailers.
In non-edibles section, castorseeds bold and castoroil commercial slipped owing to reduced demand from shippers and soap industries.
Linseedoil maintained its stable trend in the absence of any major buying.
In the futures market, castorseeds fell on speculative selling following reduced export enquiries.
In edible section, Refined palmolein inched up by a rupee per kg to Rs 511 from Thursday's close of Rs 510. While, groundnutoil eased by Rs 5 per 10 kg to Rs 1,230 from Rs 1,235.

In the non-edible section, castorseeds bold fell by Rs 50 per 100 kg to Rs 3,600 from overnight closing level of Rs 3,650 and castoroil commercial also eased by Rs 10 per 10 kg to Rs 750 from Rs 760. However, linseed oil ended unaltered at Rs 875 per 10 kg.
Turning to futures, castorseed March contract resumed lower at Rs 3,850 and drifted to close at Rs 3,820 from Rs 3864 previously, showing a loss of Rs 44 per tonne.