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Industrial oils slip on lower demand

PTI | Mumbai |

Castorseeds bold and castor oil commercial slipped at the Vashi oils and oilseeds wholesale market here on Tuesday following lower demand from soaps and shippers industries.

While, refined palmolein recovered owing to renewed demand from retailers.

Groundnut oil and linseeds oil maintained a steady trend in the absence of any worthwhile buying activities.

In the non-edible section, castorseeds bold fell by Rs 10 per 100 kg to Rs 4,605 from Monday’s closing level of Rs 4,615 and castor oil commercial moved down by Rs 2 per 10 kg to Rs 951 as against Rs 953 on Monday.

Linseeds oil closed unchanged at Rs 770 per 10 kg.

In the edible segment, refined palmolein moved up by Rs 2 per 10 kg to Rs 628 compared to Rs 626 previously and groundnut oil closed unchanged at Rs 930 per 10 kg, respectively.