Industrial oil declines on subdued demand

Image
Press Trust of India Mumbai
Last Updated : Jun 09 2014 | 4:06 PM IST
Castorseeds bold and castoroil commercial continued its declining trend at Vashi oils and oilseeds wholesale market here today due to subuded demand from shippers and soap industries.
Refined palmolein slipped owing to weak retail buying amidst adequate supply positions.
Meanwhile, groundnutoil and linseedoil remained steady in the absence of any worthwhile buying activity.
In the non-edible segment, castorseeds bold fell by Rs 25 per 100kg Rs 3,900 from last Saturday's closing level of Rs 3,925 and castoroil commercial moved down by Rs 5 per 10kg to Rs 810 as against Rs 815 previously. Linseedoil closed unaltered at Rs 735 per 10kg.
Moving to edible segment, Refined palmolein eased by Rs 2 per 10kg to Rs 550 as compared to Rs 552 last weekend. Groundnut oil closed unaltered at Rs 730 per 10kg.
*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: Jun 09 2014 | 4:06 PM IST

Next Story