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Industrial oils ease on lower demand

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Press Trust of India Mumbai
Castorseeds bold and castoroil commercial eased further in an otherwise lacklustre Vashi oils and oilseeds wholesale market here today due to lower demand from shippers and soap industries.

Meanwhile, groundnutoil, refined palmolein and linseed oil all held steady in the absence of any large-scale buying activity.

The castorseeds futures rates were unavailable.

In the non-edible segment, castoroseeds bold fell by Rs 25 per 100kg to Rs 4,000 from Monday's closing level of Rs 4,025 and castoroil commercial moved down by Rs 5 per 10 kg to Rs 830 as against Rs 835 yesterday.

However, groundnut oil, refined palmolein and linseed oil all closed unchanged at Rs 760, Rs 640 and Rs 850 per 10 kg, respectively.

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First Published: Mar 11 2014 | 4:27 PM IST

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