Castorseeds bold and castor oil commercial both reacted downwards at the oils and oilseeds market here today due to reduced demand from shippers and soap industry amidst increased supplies from producing belts.
Castorseed futures dropped owing to lack of export enquiries. Refined palmolein also softened on poor offtake.
However, groundnut oil and linseed oil maintained a stable trend in the absence of market moving factors.
In the non-edible section, castorseed bold tumbled by Rs 100 per 100 kg to Rs 5,600 from Friday's closing level of Rs 5,700 and castor oil commercial fell by Rs 20 per 10 kg to Rs 1,150 as compared Rs 1,170 previously.
Linseed oil ruled steady at Rs 710 per 10 kg.
Turning to futures section, castorseeds for March delivery resumed lower at Rs 4,795 and moved in a range of Rs 4,820 and Rs 4,778 before finishing at Rs 4,793 from Rs 4,812, showing a further loss of Rs 19 per tonne.
Moving to edible section, refined palmolein eased to Rs 604 per 10kg from yesterday's closing level of Rs 605.
Groundnut oil closed unchanged at Rs 765 per 10 kg.
