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Groundnut oil slip on reduced demand

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Press Trust of India Mumbai
Groundnut oil prices slipped at the oil and oilseed wholesale market here today due to reduced demand from stockist and retailers.

Refined palmolein held stable in the absence of any major retail buying.

While, castorseed bold and castor oil commercial declined further on lower demand from shippers and soap industries.

Linseed oil continued to rule stable in the absence of necessary buying support.

Turning to edible segment, Groundnut oil eased by Rs 5 per 10kg to close at Rs 975 from Tuesday's closing level of Rs 980 and refined palmolein closed unchanged at Rs 457 per10 kg.

In non-edible section, castorseed bold fell by 50 per 100 kg to Rs 3,700 from its previous level of Rs 3,750 and castor oil commercial went down by Rs 10 per 10 kg to 770 from Rs 780. Linseed oil ended unaltered at Rs 875 per 10kg.

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First Published: Dec 30 2015 | 3:48 PM IST

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