Refined palmolein prices firm up on sustained demand

Refined palmolein prices firmed up at the oils and oilseeds market here today on sustained demand from retailers amidst higher Malaysian cues.
In the non-edible segment, linseeds oil rose on fresh demand from paint and allied industries.
Castorseeds bold and castoroil commercial held steady in the absence of any major buying.
In the futures market, castorseeds traded with high speculative movements and edged down following reduced export enquiries.
In the edible section, refined palmolein gained by Rs 2 per 10 kg to Rs 514 from Monday's closing level of Rs 512. However, groundnut oil edged-down by Rs 5 per 10 kg to Rs 1,215 from Rs 1,220 previously.

Moving to non-edible section, Linseed oil climbed by Rs 5 per 10 kg to Rs 880 as against Rs 875 previously. Castor seeds bold and castor oil commercial closed unaltered at Rs 3,600 per 100 kg and Rs 750 per 10 kg.
Turning to futures, castorseeds March contract resumed lower at Rs 3,757, but later shot up to Rs 3,802 before closing at Rs 3,774 from Rs 3,777 previously, showing a mere loss of Rs 3 per tonne.