Industrial oils weaken on reduced demand

Castorseeds bold and castoroil commercial weakened further at the Vashi oils and oilseeds wholesale market here today on reduced demand from soaps and shippers industries.

While, refined palmolein edged up further owing to rising demand from retail buyers.

Meanwhile, groundnut oil and linseeds oil ruled steady in absence of any worthwhile buying activity.

In the non-edibles segment, castorseeds bold slid by Rs 15 per 100kg to Rs 4,740 from Wednesday's close Rs 4,755 and castoroil commercial softened by Rs 3 per 10kg to Rs 978 as against Rs 981 yesterday.

Linseeds oil ended unaltered to Rs 750 per 10kg.

Among the edible section, refined palmolein moved up by Rs 2 per 10kg to Rs 598 as compared Rs 596 yesterday and groundnut oil closed unchanged at Rs 850 per 10kg.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)