Industrial oils drop on subdued demand

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Press Trust of India Mumbai
Last Updated : Sep 02 2014 | 4:30 PM IST
Castorseed bold and castoroil commercial prices dropped further at the Vashi oils and oilseeds wholesale market here today due to subdued demand shippers and soap manufacturers.
Meanwhile, refined palmolein eased further on stockist selling amidst lower Malaysian cues.
Groundnut oil and linseed oil prices ruled stable in the absence of any large-scale buying.
In the non-edible section, castorseeds bold fell by Rs 50 per 100kg to Rs 4,100 from Monday's closing level of Rs 4,150 and castoroil commercial declined by Rs 10 per 10kg to Rs 850 as against Rs 860 yesterday.
Linseed oil closed unchanged at Rs 750 per 10kg.
Moving to edible section, refined palmolein softened by Re 1 per 10kg to Rs 485 as against Rs 486 yesterday.
Groundnut oil closed unchanged at Rs 780 per 10kg.
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First Published: Sep 02 2014 | 4:30 PM IST

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