Business Standard

Edible oils weaken on reduced demand

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Press Trust of India Mumbai
Groudnut oil and refined palmolein prices weakened further at the Vashi oils and oilseeds wholesale market here today on reduced demand from stockists and retailers amid ample supply from producing region.

While, castorseed bold and castoroil commercial surged due to rising demand from shippers and soap industries.

Meanwhile, inseed oil dropped further following lower demand from paint and allied industries.

In the edible segment, groundnut oil dropped by Rs 20 per 10kg to Rs 1,220 from Monday's close Rs 1,240 and refined palmolein eased by Rs 4 per 10kg to Rs 621 as against Rs 625 previously.

Moving to non-edible segment, Castorseeds bold climbed further by Rs 75 per 100kg to Rs 3,915 as compared Rs 3,840 and castoroil commercial went-up by Rs 15 per 10kg to Rs 813 form Rs 798 previously.
 

Linseed oil prices fell by Rs 30 per 10kg to Rs 1,050 as against Rs 1,080 previously.

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First Published: Sep 14 2016 | 4:42 PM IST

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