Industrial oils slip on subdued demand

Mumbai: Castor seed bold and castor oil commercial slipped at the Vashi oils and oilseeds wholesale market here today following subdued demand from soaps and shippers industries. Elsewhere, refined palmolein eased owing to sluggish demand from retail buyers.

While, groundnut oil and linseed oil ruled steady in absence of any large-scale buying activity.In the non-edible segment, castor seeds bold declined by Rs 25 per 100 kg to Rs 4,000 from Wednesday’s closing level of Rs 4,025 and castor oil commercial moved down by Rs 5 per 10 kg to Rs 830 as against Rs 835.

Linseeds oil ended unaltered to Rs 806 per 10 kg.Moving to edible section, refined palmolein softened by a rupee per 10 kg to Rs 722 and groundnut oil closed unchanged at Rs 840 per 10 kg.

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