Refined palmolein slips due to reduced demand from retailers

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palmolein

Mumbai: Refined Palmolein prices slipped at the Vashi oils and oilseeds wholesale market here today due to reduced demand from retailers.

While, groundnut oil and linseed oil ruled steady in absence of any worthwhile buying.

Castorseed bold and castoroil commercial eased further following subdued offtake from soap and shippers industries.

In the edible section, refined palmolein dropped by Rs 13 per 10 kg to Rs 625 from Friday’s closing level of Rs 638.

However, groundnut oil ruled unchanged at Rs 1,260.

Moving to non-edible segment, castorseeds bold fell by Rs 10 per 100 kg to Rs 3,890 from Rs 3,900 and castoroil commercial moved down by Rs 2 per 10 kg to Rs 808 against Rs 810 yesterday.

Linseed oil closed unaltered at Rs 1,050 per 10 kg.

(Sourced from agencies, Feature image courtesy:b2b.bridgat.com)

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