Refined palmolein firms up on global cues

Refined palmolein prices firmed up at the oils and oilseeds Vashi Wholesale market here today due to higher retail demand on the back of bullish Malaysian cues.
Meanwhile, Groundnut oil, Castorseeds bold, castor oil commercial and Linseed oil all ruled stable in the absence of any worthwhile buying activity.
In futures market, castorseeds for September contract recovered on fresh speculative demand amidst good export enquiries.
In the edible section, Refined palmolein shot-up by Rs 6 per 10 kg to Rs 532 from Monday's closing level of Rs 526. Groundnut oil closed unchanged at Rs 1,000.
Turning to futures, Castorseeds September contract resumed lower at Rs 3,730 and later moved up to Rs 3,793 before finishing at Rs 3,783 from Rs 3,747 yesterday, showing a net rise of Rs 36 per tonne.

Moving to non-edible segment, Castorseeds bold, castor oil commercial and linseed oil prices closed unaltered at Rs 3,500 per 100 kg, Rs 730 per 10 kg and Rs 740 per 10 kg, respectively.