Refined palmolein softens on subdued demand

Refined palmolein prices were trading marginally down at the Vashi oils and oilseeds wholesale market here today following subdued demand from retailers.

Elsewhere, castor seeds bold and castor oil commercial also slipped owing to sluggish demand from soaps and shippers industries.

While, linseeds oil gained further owing to rising demand from paint and allied industries.

Meanwhile, groundnut oil ruled steady in the absence of any large-scale buying activity.

In the edible segment, refined palmolein inched down to Rs 730 per 10 kg and groundnut oil closed unchanged at Rs 840 per 10 kg.

Moving to the non-edible segment, linseeds oil rose by Rs 8 per 10 kg to Rs 803 as compared to Rs 795 yesterday.

However, castor seeds bold declined by Rs 35 per 100 kg to Rs 4,055 as against Rs 4,090 and castor seeds bold moved down by Rs 7 per 10 kg to Rs 841 from Rs 848.