Refined palmolein firms up on fresh demand
Sunday, 1 May 2011
MUMBAI, Apr 30 (Business Standard): Refined palmolein prices firmed up at the oils and oilseeds market here today due to fresh buying support from retailers and stockists.
Castorseeds bold and castor oil commercial dropped due to lack of enquiries from shippers and soap manufacturers. Castorseeds futures also declined on lower export orders amid bearish spot market.
Meanwhile, groundnut oil and linseed oil both closed unchanged in the absence of market moving factors. In the edible oil section, refined palmolein rose by Rs 7 per 10 kg to Rs 575 from Friday's closing level of Rs 568.
Groundnut oil, however, closed unaltered at Rs 840 per 10 kg.