Edible and non-edible oils weaken on subdued demand

Groundnut oil and refined palmolein weakened further at the Vashi oils and oilseeds wholesale market today due to subdued demand from stockists and retailers.

Elsewhere, castorseeds bold and castoroil commercial also dropped owing to poor offtake from soaps and shippers industries.

While, linseed oil held stable in absence of any worthwhile buying activity.

In edible segment, groundnut oil slipped by Rs 10 per 10 kg to Rs 960 from last Saturday's close of Rs 970 and refined palmolein eased by Rs 3 per 10 kg to Rs 555 as against Rs 558.

Moving to non-edible section, castorseeds bold dipped by Rs 60 per 100 kg to Rs 4,765 from last weekend's level of Rs 4,825 and castor oil commercial declined by Rs 12 per 10 kg to Rs 983 from Rs 995 previously.

Linseed oil closed unchanged at Rs 780 per 10 kg.

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