Refined palmolein slips on reduced demand

Image
Press Trust of India Mumbai
Last Updated : Mar 25 2014 | 4:14 PM IST
Refined palmolein prices slipped further at the Vashi oils and oilseeds wholesale market here today due to reduced demand from retailers.
Elsewhere, linseed oil also fell further owing to subdued offtake from paint and allied industries.
Meanwhile, groundnut oil, castorseeds bold and castor oil commerical ruled steady in the absence of any major buying activity.
The castorseeds futures rates were unavailable.
Moving to edible segment, refined palmolein declined by Rs 5 per 10kg to Rs 625 from Monday's closing level of Rs 625. Groundnut oil closed unchanged at Rs 770 per 10kg.
In the non-edible section, linseedoil moved-down by Rs 5 per 10kg to Rs 840 as compared to Rs 845 yesterday. Castorseeds bold and castoroil commercial closed unaltered at Rs 4,025 per 100kg and Rs 835 per 10 kg, respectively.
*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: Mar 25 2014 | 4:14 PM IST

Next Story