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Refined palmolein slip on lower demand

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Press Trust of India Mumbai
Refined palmolein prices slipped further at the Vashi oils and oilseeds wholesale market here today due to lower demand from retailers.

Meanwhile, groundnut oil and linseed oil maintained a stable trend in the absence of any large-scale buying.

In non-edible segment, castorseed bold and castoil commercial dropped further following reduced offtake from shippers and soap industries.

In the edible section, refined palmolein moved down by Rs 2 per 10 kg to Rs 581 from last Saturday's level of Rs 583. However, groundnut oil closed unchanged at Rs 1,200 per 10 kg.

Among the non-edibles, castorseeds bold dipped by Rs 35 per 100 kg to Rs 3,250 from Rs 3,285 and castor oil commercial declined by Rs 7 per 10 kg to Rs 680 against Rs 687 previously. Linseeds oil closed unaltered at Rs 1,350 per 10 kg.
 

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First Published: May 16 2016 | 4:07 PM IST

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