Business Standard

Industrial oils continues its downtrend

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Press Trust of India Mumbai
Castorseeds bold and castoroil commercial maintained its downtrend for the fifth straight session at the Vashi oils and oilseeds wholesale market here today following reduced demand from soap and shippers industries.

Elsewhere, refined palmolein softened due to sluggish demand from retailers.

Meanwhile, groundnut oil and linseeds oil maintained its steady trend in the absence of any worthwhile buying support.

In the non-edible section, castorseed bold declined by Rs 15 per 100 kg to Rs 3,760 from Friday's close Rs 3,775 and castoroil commercial edged down by Rs 3 per 10kg to Rs 782 as against Rs 785 yesterday.

Linseed oil ended unaltered at Rs 1,000 per 10kg.
 

Moving to edible segment, refined palmolein inched down by a Re per 10 kg to Rs 615 and groundnut oil closed unchanged at Rs 1,000 per 10 kg, respectively.

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First Published: Dec 17 2016 | 3:22 PM IST

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