Edible, non-edibles weaken on reduced demand

TIL Desk/Business/New Delhi/ Groundnut oil and refined palmolein weakened further at the Vashi oils and oilseeds wholesale market here today following reduced demand from stockists and retailers.

Elsewhere, castorseeds bold and castoroil commercial also dropped due to lower demand from soaps and shippers industries. While linseeds oil ruled steady in the absence of worthwhile buying activities.

In the edible segment, groundnut oil and refined palmolein slid by Rs 5 per 10 kg each to Rs 920 and Rs 630 from Thursday’s close at Rs 925 and Rs 635 respectively.

Moving to the non-edibles section, castorseeds bold fell by Rs 25 per 100 kg to Rs 4,575 as against Rs 4,600 and castor oil commercial moved down by Rs 5 per 10 kg to Rs 945 from Rs 950 yesterday. Linseeds oil ended unaltered to Rs 770 per 10 kg.