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Refined palmolein weakens on lower demand

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Press Trust of India Mumbai
Last Updated : May 20 2015 | 3:48 PM IST
Refined palmolein prices extended losses at the Vashi oils and oilseeds wholesale market here owing to lower demand from retailers.
While, groundnut oil and linseed oil maintained a stable trend in the absence of any worthwhile buying.
In the non-edible segment, castorseeds bold and castor oil commercial slipped due to subdued offtake from shippers and soap manufacturers.
In the edible segment, refined palmolein moved down by Rs 2 per 10kg to Rs 493 from Tuesday's level of Rs 495. However, groundnut oil closed unchanged at Rs 940 per 10kg.
In non-edible section, castorseed bold declined by Rs 25 per 100kg to Rs 3,825 from Rs 3,850 and castor oil commercial moved down by Rs 5 per 10kg to Rs 795 compared with Rs 800 yesterday.
Linseedoil closed unaltered at Rs 770 per 10kg.

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First Published: May 20 2015 | 3:48 PM IST

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