Groundnut oil demand continues to strengthen
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Groundnut oil demand continues to strengthen
 
Groundnut oil demand continues to strengthen

Mumbai: Groundnut oil continued to strengthen in active oil and oilseeds market on November 10 on sustained demand from stockists coupled with lower arrivals from producing regions.

Refined palmolein recovered smartly on fresh retail buying amidst buoyant Malaysian advices.

Castor seeds bold and castor oil commercial rose further owing to rising demand from shippers and soap industries.

Castor seeds futures market also rebounded sharply on the back renewed export orders.

In the edible oil segment, groundnut oil added Rs 10 to Rs 740 per 10 kg from closing level of Rs 730 of the previous day and refined palmolein firmed up by Rs 13 to Rs 533 per 10 kg, as against Rs 520 previously.
Posted On : 10 Nov 10
Groundnut oil demand continues to strengthen
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