Groundnut oil drops on lacklustre trade

Image
Press Trust of India Mumbai
Last Updated : Aug 26 2016 | 4:42 PM IST
Groundnut oil prices dropped in an otherwise lacklustre Vashi oils and oilseeds wholesale market here today following reduced demand from stockists and retailers amid ample stock positions.
While, refined palmolein continued upward trend due to rising demand from retailers.
Meanwhile, castorseed bold, castoroil commercial and linseed oil held stable in absence of any large-scale buying activity.
In the edible section, groundnut oil fell by Rs 40 per 10 kg to Rs 1,400 from Wednesday's closing level of Rs 1,440, but the refined palmolein surged further by Rs 3 per 10kg to Rs 625 as against Rs 622 previously.
Moving to the non-edible segment, castorseeds bold, castoroil commercial and linseed oil closed unchanged at Rs 3,650 per 100 kg, Rs 760 per 10 kg and Rs 1,125 per 10 kg, respectively.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 26 2016 | 4:42 PM IST

Next Story