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Industrial oils witness downtrend

Press Trust of India  |  Mumbai 

Castorseeds bold and commercial witnessed for the third straight session at the oils and oilseeds wholesale market here today on reduced demand from soaps and shippers industries.

Groundnutoil and refined palmolein recovered owing to renewed demand from stockists and retailers.

Meanwhile, linseeds ruled steady in absence of any worthwhile buying activity.

In the non-edible segment, castorseeds bold slumped by Rs 185 per 100 kg to Rs 4,150 from Monday's close Rs 4,335 and castoroil commercial dipped by Rs 37 per 10 kg to Rs 860 as against Rs 897 yesterday.

Linseeds ended unaltered at Rs 800 per 10 kg.

Moving to edible segment, moved up by Rs 5 per 10 kg to Rs 955 as compared yesterday's close Rs 950 and refined palmolein edged up by Rs 3 per 10 kg to Rs 630 from Rs 627.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 16:20 IST