Refined palmolein dips on reduced demand, global cues

Refined palmolein dipped further at the Vashi oils and oilseeds wholesale market here today due to reduced demand from retailers on the back of bearish Malaysian cues.
Meanwhile, groundnut oil and linseed oil ruled stable in the absence of any worthwhile buying.
In the non-edible section, castorseeds bold and castor oil commercial also eased further on lower demand from shippers and soap manufacturers.
In the edible section, refined palmolein fell by Rs 6 per 10 kg to Rs 530 from Thursday's closing level of Rs 536.
Groundnut oil closed unchanged at Rs 770 per 10 kg.
Moving to non-edible segment,castorseeds bold declined by Rs 10 per 100 kg to Rs 4,175 from Rs 4,185 and castor oil commercial moved down by Rs 2 per 10 kg to Rs 865 as compared to Rs 867 previously.

Linseed oil closed unaltered at Rs 760 per 10 kg.