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Refined palmolein decline on poor demand

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Press Trust of India Mumbai
Refined palmolein declined further in an otherwise sluggish oils and oilseeds wholesale market here today following poor retail buying support.

Groundnutoil held steady in the absence of any major buying activity.

Castorseeds bold and castoroil commercial also moved down following lower offtake from shipper and soap industries.

Meanwhile, linseedoil witnessed no trading activity.

In edible segment, Refined palmolein slipped by Rs 4 per 10 kg to Rs 598 from last Saturday's closing level of Rs 602. Groundnutoil closed unchanged at 1,170 per 10 kg.

Moving to non-edible section, castorseeds bold eased by Rs 50 per 100 kg to Rs 3,250 from previous close of Rs 3,300 and castoroil commercial went donw by Rs 10 per 10 kg to Rs 680 as against Rs 690 last weekend.

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First Published: Apr 25 2016 | 5:22 PM IST

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