Business Standard

Sunday, January 19, 2025 | 12:12 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Edible oils drop on reduced demand

Image

Press Trust of India Mumbai
In edible oils including groundnut oil and refined palmolein dropped further at the Vashi oils and oilseeds wholesale market here on reduced demand from stockists and retailers.

Castorseeds bold and castoroil commercial also weakened further following subdued demand from shippers and soap industries.

While, linseed oil ruled steady in absence of any worthwhile buying.

In the edible segment, groundnut oil declined by Rs 30 per 10kg to Rs 1,150 from Monday's closing level of Rs 1,180 and refined palmolein edged down by Rs 2 per 10kg to Rs 573 as compared to Rs 575 yesterday.

Moving to non-edible section, castorseeds bold slumped by Rs 25 per 100kg to Rs 3,225 as against Rs 3,250 and castor oil commercial moved down by Rs 5 per 10kg to Rs 675 as against Rs 680.
 

Linseed oil closed unchanged at Rs 1,200 per 10 kg.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 24 2016 | 5:07 PM IST

Explore News