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Refined palmolein slides on reduced demand, global cues

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Press Trust of India Mumbai
Refined palmolein weakened further at the Vashi oils and oilseeds wholesale market here today due to reduced demand from retailers amidst bearish Malaysian cues.

Meanwhile, groundnut oil and linseed oil maintained a stable trend in the absence of any large-scale buying.

In the non-edible section, castorseeds bold and castor oil commercial prices slipped on subdued demand from shippers and soap manufacturers.

In the edible section, refined palmolein dropped by Rs 5 per 10 kg to Rs 510 from Friday's closing level of Rs 515. Groundnut oil closed unchanged at Rs 765 per 10 kg.

Moving to non-edible segment, castorseeds bold fell by Rs 25 per 100 kg to Rs 4,150 from Rs 4,175 and castor oil commercial moved down by Rs 5 per 10 kg to Rs 860 as against Rs 865 yesterday.
 

Linseed oil closed unaltered at Rs 760 per 10 kg.

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First Published: Aug 23 2014 | 3:45 PM IST

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