Refined palmolein slips on subdued buying

Written by: Pti
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Mumbai, Feb 14 (PTI) Refined palmolein declinedmoderately in an otherwise sluggish oils and oilseeds markethere today due to reduced buying support from retailers amidlow Malaysian advices.

Castorseeds futures also dropped on speculative sell-offon the back lower export enquiries.

Meanwhile, groundnut oil, castorseeds bold, castoroilcommercial and linseeds maintained a stable trend in theabsence of market moving factors.

In the edible oil segment, refined palmolein fell byRs 3 per 10 kg to Rs 605 from last Saturday''s closing levelof Rs 608. Groundnut oil ended unchanged at Rs 765 per 10 kg.

Turning to futures section, castorseeds for Marchdelivery resumed lower at Rs 5,540 and slumped further toclose at Rs 5,405 over its weekend''s closing level of Rs5,570, showing a sharp loss of Rs 165 per tonne.

However, castorseeds bold, castoroil commercial andlinseed oil all ended unaltered at Rs 6,000, Rs 1,230 and Rs710 respectively.

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