Industrial oils slip on subdued demand

Elsewhere, refined palmolein softened owing to poor offtake from retailers.

Castor seed bold and castor oil commercial slipped at the Vashi oils and oilseeds wholesale market here today following subdued demand from soap and shippers industries.

Elsewhere, refined palmolein softened owing to poor offtake from retailers.

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

In the non-edible segment, castor seed bold fell by Rs 45 per 100 kg to Rs 4,400 from Tuesday’s closing level of Rs 4,445 and castor oil commercial slid by Rs 9 per 10 kg to Rs 910 as against Rs 919.

Linseed oil ended unaltered at Rs 850 per 10 kg.

Moving to the edible section, refined palmolein inched down to Rs 697 per 10 kg and groundnut oil closed unchanged at Rs 830 per 10 kg.

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