Don’t miss the latest developments in business and finance.

Palmolein remains weak on sluggish demand

Image
Press Trust of India New Delhi
Last Updated : Jul 12 2018 | 3:05 PM IST

In restricted activity, palmolein oil prices declined further by Rs 50 per quintal at the wholesale oils and oilseeds market today on easing demand.

Castor oil in the non-edible section, also eased on reduced offtake by consuming industries.

Traders said subdued demand from retailers weighed on palmolein oil prices.

In the national capital, palmolein (RBD) and palmolein (Kandla) oils fell by Rs 50 each to Rs 6,900 and Rs 6,950 per quintal, respectively.

Among non-edible, castor oil drifted down by Rs 200 to Rs 7,400-7,500 per quintal.

Following are today's quotations (in Rs per quintal):
Edible oils: Groundnut mill delivery (Gujarat) Rs 8,350, Groundnut Solvent Refined (per tin)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jul 12 2018 | 3:05 PM IST

Next Story