Business Standard

Industrial oils slump on selling, low demand

Image

Press Trust of India Mumbai
Castorseedoil and castoroil commercial fell from its three session rally in an otherwise lacklustre Vashi oils and oilseeds wholesale market here amid selling from stockists following subdued demand from shippers and soap industries.

Meanwhile, groundnutoil, refined palmolein and linseedoil all ruled stable in the absence of any major buying activity.

In the non-edible section, castorseeds bold dropped by Rs 375 per 100 kg to Rs 4,775 from Friday's closing level of Rs 5,150 and castoroil commercial dipped Rs 75 per 10 kg to Rs Rs 985 as against Rs 1,060 yesterday. Linseedoil closed unchanged at Rs 830 per 10 kg.
 

Moving to the edible segment, groundnut oil and refined palmolein ended unaltered at Rs 1,025 and Rs 567 per 10 kgs, respectively.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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

First Published: Mar 25 2017 | 3:42 PM IST

Explore News