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Groundnut oil drops further on subdued demand

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Press Trust of India Mumbai
Groundnut oil prices dropped further at the Vashi oils and oilseeds wholesale market here today on subdued demand from stockists and retailers.

In the non-edible section, castorseeds bold and castor oil commercial moved up owing to good demand from shippers and soap manufacturing units.

Meanwhile, Refined palmolein and linseed oil Maintained a steady trend in the absence of any worthwhile buying activity.

In the edible segment, groundnut oil fell by Rs 5 per 10 kg to Rs 960 from wednesday's closing level of Rs 965.

Castorseeds bold declined by Rs 25 per 100 kg to Rs 3,625 from overnight closing level of Rs 3,600 and castor oil commercial eased by Rs 5 per 10 kg to Rs 755 as against Rs 750 yesterday.
 

Refined palmolein and Linseed oil closed unchanged at Rs 497 per 10 kg and Rs 755 per 10kg respectively.

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First Published: Apr 23 2015 | 5:02 PM IST

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