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Refined palmolein weakens on lower demand

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Press Trust of India Mumbai
Refined palmolein prices extended losses at the Vashi oils and oilseeds wholesale market here owing to lower demand from retailers.

While, groundnut oil and linseed oil maintained a stable trend in the absence of any worthwhile buying.

In the non-edible segment, castorseeds bold and castor oil commercial slipped due to subdued offtake from shippers and soap manufacturers.

In the edible segment, refined palmolein moved down by Rs 2 per 10kg to Rs 493 from Tuesday's level of Rs 495. However, groundnut oil closed unchanged at Rs 940 per 10kg.

In non-edible section, castorseed bold declined by Rs 25 per 100kg to Rs 3,825 from Rs 3,850 and castor oil commercial moved down by Rs 5 per 10kg to Rs 795 compared with Rs 800 yesterday.
 

Linseedoil closed unaltered at Rs 770 per 10kg.

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First Published: May 20 2015 | 3:48 PM IST

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