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Groundnut oil prices maintained its uptrend at the oils and oilseeds market here on Tuesday due to consistent buying from stockists and retailers amidst restricted arrivals from key producing regions.
Refined palmoelin also rose on the back of rising domestic demand coupled with increased festive offtake.
Meanwhile, castor seeds bold and castor oil commercial declined owing to subdued industrial demand as well as lower export order. Castor seeds futures weakened on speculative offloading influenced by bearish spot demand.
Linseed oil continued to rule stable in the absence of any worthwhile buying activity.
In the edible oil segment, Groundnut oil firmed up by Rs 10 per 10 kg to Rs 800 from last Saturday’s closing level of Rs 790 and refined palmolein gained by Rs 8 per 10 kg to Rs 566 as compared to Rs 558 previously.
Turning to non-edible section, castor seeds bold fell by Rs 25 per 100kg to Rs 5,400 from Rs 5,425 and castor oil commercial edged down by Rs 5 per 10 kg to Rs 1,110 as against Rs 1,115. Linseed oil held steady at Rs 660 per 10 kg.
Moving to futures section, castor seeds for June delivery resumed lower at Rs 5,035, but later moved up to Rs 5,101 before closing at Rs 5,091 from Rs 5,106 last weekend, showing a fall of Rs 15 per tonne.
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