Groundnut oil drops on lower demand

05 Jan 2018 5:58 PM | General
363 Report

Groundnut oil dropped at the Vashi oils and oilseeds wholesale market here today following lower demand from stockists and retailers.

Refined palmolein also eased owing to mild demand from retailers.Elsewhere, castorseeds bold and castoroil commercial also weakened further due to reduced demand from soaps and shippers industries.While, linseeds oil held stable in absence of any worthwhile buying activity.

In the edible segment, groundnut oil declined by Rs 10 per 10 kg to Rs 960 from Thursday's close Rs 970 and refined palmolein edged down by Rs 2 per 10kg.Moving to non-edible section, castorseeds bold dipped by Rs 25 per 100 kg to Rs 4,350 as against Rs 4,375, yesterday and castoroil commercial moved down by Rs 5 per 10kg to Rs 900 as compared Rs 905.Linseed oil ended unaltered at Rs 800 per 10 kg.

Courtesy: PTI

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