Monday, November 29, 1999

Castoroil edges down on reduced industrial demand

News posted by www.newsinfoline.com

Mumbai, May 10 (PTI) Castorseed bold and castoroil commerical prices declined moderately at the oils and oilseeds market here today due to reduced industrial offtake. Castorseeds futures dropped on poor export enquires. Refined palmolein also moved down owing to lack of buying from stockists and retailers. Groundnutoil, however, closed stable in the absence of necessary buying support. Linseeds oil also maintained its steady trend. In the non-edible segment, castorseeds bold dropped by Rs 15 to Rs 3,225 from last weekend''s closing level of Rs 3,240, while castoroil commercial edged down by Rs 3 to Rs 675 as against Rs 678 previously. Linseeds oil ruled steady at Rs 520. Turning to the edible oil section, refined palmolein fell by Rs 4 to Rs 397 from Rs 401 previously. Groundnutoil closed unchanged at Rs 675. Moving to futures section, castorseed June contract resumed higher at Rs 3,172, but later drifted to touch a low of Rs 3,140 before closing at Rs 3,154 from Rs 3,169 of previously, showing a loss of Rs 15.

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