Industrial oils slip on reduced offtake

Castorseeds bold and castor oil commercial slipped in an otherwise lacklustre oils and oilseeds wholesale market here today due to reduced offtake from shippers and soap manufacturers.
While, Groundnut oil, refined palmolein and linseed oil ruled stable in the absence of any large-scale buying activity.
In the futures market, castorseeds for December climbed further on heavy speculative demand following higher export inquiries.
In the non-edible segment, castorseed bold fell by Rs 15 per 100kg to Rs 3,625 from Wednesday's closing level of Rs 3,640, Castoroil commercial also moved-down by Rs 3 per 10kg to Rs 755 from Rs 758 yesterday. Linseed oil closed unaltered at Rs 820 per 10kg.

Turning to futures, castorseed December contract opened higher at Rs 3,975 and moved-up further close at Rs 4,030 from Rs 3,956 previously, showing a net gain of Rs 74 per tonne.
Moving to edible section, Groundnutoil and refined palmolein closed unchanged at Rs 850 per 10kg and Rs 591 per 10kg, respectively.