Industrial oil falls on lower demand

Castorseeds bold and castoroil commercial fell at the Vashi oils and oilseeds wholesale market on lower demand from shippers and soap industries.
In the edible segment, refined palmolein edged up owing renewed offtake from retailers.
Meanwhile, groundnutoil and linseed oil held steady in the absence of any largescale buying.
The castorseeds futures rates for today were unavailable.
In the non-edible segment, castorseeds bold dropped by Rs 50 per 100 kg to Rs 4,050 from Wednesday's closing level of Rs 4,100 and castoroil commercial declined by Rs 10 per 10 kg to Rs 840 from Rs 850 previously. Linseedoil closed unchanged at Rs 840 per 10 kg.

Moving to the edible section, refined palmolein inched up by Re 1 per 10 kg to Rs 569, while groundnut oil were unaltered at Rs 790 per 10 kg.