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Mumbai, Apr 6 Groundnut oil prices continued to move up at the oils and oilseeds market here on Wednesday due to rising stockists demand ahead of festivities coupled with lower supplies.
Refined palmolein also gained marginally on good local offtake.
Castorseeds futures market rebounded owing to fresh speculative buying amidst good export enquiries.
Meanwhile, castorseeds bold, castoroil commercial and linseed oil closed steady in the absence of market—moving factors.
In the edible oil segment, Groundnut oil gained Rs 5 per 10 kg to Rs 805 from Tuesday’s closing level of Rs 800 and refined palmolein improved to Rs 567 per 10 kg from Rs 566.
Turning to futures section, castorseeds for June delivery resumed higher at Rs 5,120 and firmed up further to Rs 5,170 before concluding at Rs 5,106 from Rs 5,091 yesterday, showing a rise of Rs 15 per tonne.
However, castorseeds bold, castoroil commercial and linseed oil closed unaltered at Rs 5,400, Rs 1,110 and Rs 660, respectively.
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