Groundnut oil slips on sluggish demand

Groundnut oil prices slipped at the Vashi oils and oilseeds wholesale market here today on subdued demand from stockist and retailers.
Refined palmolein continued its downward trend owing to absence of retail demand.
In non-edibles, castorseeds bold and castoroil commercial declined due to reduced demand from shippers and soap industries.
Linseeds oil maintained a stable trend in the absence of any worthwhile buying.
In the edible section, groundnut oil dropped by Rs 10 per 10kg to Rs 780 from Wednesday's closing level of Rs 790 and refined palmolein fell by Rs 5 per 10kg to Rs 556 compared to Rs 561 yesterday.

Moving to non-edible segment, Castorseeds bold moved down by Rs 10 per 100kg to Rs 4,165 from Rs 4,175 and castor oil commercial edged down by Rs 2 per 10kg to Rs 863 as against Rs 865 previously.
Linseedoil closed unchanged at Rs 760 per 10kg.