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Refined palmolein declines lower offtake

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Press Trust of India Mumbai
Refined palmolein prices declined at the Vashi oils and oilseeds wholesale market here today on lower retail offtake despite higher Malaysian cues.

In non-edible segment, castorseeds bold and castoroil commercial also moved down on reduced demand from shippers and soap industries.

Meanwhile, groundnut oil and linseed oil continued a stable trend in the absence of any worthwhile buying activity.

The castorseeds futures rates were unavailable.

In the edible segment, refined palmolein fell by Rs 5 per 10 kg to Rs 590 from Friday's closing level of Rs 595. Groundnut oil were unaltered at Rs 750 per 10 kg.

Moving to non-edible segment, castorseeds bold eased by Rs 25 per 100 kg to Rs 3,925 from Rs 3,950 and castor oil commercial went down by Rs 5 per 10 kg to Rs 815 as against Rs 820 previously. Linseed oil closed unchanged at Rs 840 per 10 kg.

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First Published: Feb 15 2014 | 2:54 PM IST

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