Industrial oils slip on reduced demand

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Industrial oils slip on reduced demand

Mumbai, Apr 6 (PTI) Castorseed bold and castoroil commercial slipped at the Vashi oils and oilseeds wholesale market here today following reduced demand from shippers and soap manufacturing units.

Linseed oil ruled stable in the absence of any worthwhile buying.

In edible section, groundnut oil rebounded due to renewed demand from stockists and retailers.

Refined palmolein gained further owing to good retail offtake.

In the non-edible section, castorseeds bold dropped by Rs 100 per 100kg to 5,115 from Wednesday’s closing level of Rs 5,215 and castoroil commercial declined by Rs 20 to Rs 1,053 from Rs 1,073.

Linseed oil closed unaltered at Rs 850 per 10 kg.

Moving to edible front, however, groundnut oil rose by Rs 10 per 10 kg to Rs 1,060 as against Rs 1,050 previously and refined palmolein moved up by Rs 2 per 10 kg to Rs 562 compared to Rs 560 previously.

This is published unedited from the PTI feed.