Further fall in refined palmolein
Refined palmolein declined further on the oils and oilseeds market here today due to lack of buying enquiries coupled with lower Malaysian advices.
By PTI |
MUMBAI: Refined palmolein declined further on the oils and oilseeds market here today due to lack of buying enquiries coupled with lower Malaysian advices.
Castorseeds and its oil both moved down lack of enquiries from shippers and soap manufacturers. Castorseeds futures also declined in the absence of export enquiries.
In the edible section, refined palmolein fell by Rs 8 to Rs 560 from Rs 568 previously while groundnut oil ruled steady at Rs 725.
Turning to the industrial section, castorseeds bold fell by Rs 10 to Rs 2,740 from Rs 2,750 previously and castoroil commercial also eased by Rs 2 to Rs 578 from Rs 580 while linseed oil continued to rule steady at Rs 620.
In the futures section, castorseeds June contract opened lower at Rs 2,663 and dropped further to Rs 2,645 before closing at Rs 2,671 from the yesterday's closing level of Rs 2,684, showing a loss of Rs 13.
Castorseeds and its oil both moved down lack of enquiries from shippers and soap manufacturers. Castorseeds futures also declined in the absence of export enquiries.
In the edible section, refined palmolein fell by Rs 8 to Rs 560 from Rs 568 previously while groundnut oil ruled steady at Rs 725.
Turning to the industrial section, castorseeds bold fell by Rs 10 to Rs 2,740 from Rs 2,750 previously and castoroil commercial also eased by Rs 2 to Rs 578 from Rs 580 while linseed oil continued to rule steady at Rs 620.
In the futures section, castorseeds June contract opened lower at Rs 2,663 and dropped further to Rs 2,645 before closing at Rs 2,671 from the yesterday's closing level of Rs 2,684, showing a loss of Rs 13.
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