Industrial oils ease on lower demand

Elsewhere, refined palmolein softened owing to poor offtake from retailers.

Castor seeds bold and castor oil commercial eased further at the Vashi oils and oilseeds wholesale market here today following lower demand from soaps and shippers industries.

Elsewhere, refined palmolein softened owing to poor offtake from retailers.

Meanwhile, groundnut oil and linseed oil ruled steady in the absence of any worthwhile buying activities.

In the non-edibles segment, castor seeds bold declined by Rs 5 to Rs 4,490 per 100 kg from Monday's closing level of Rs 4,495 and castor oil commercial moved down by a rupee to Rs 928 per 10 kg. However, linseed oil ended unchanged at Rs 950 per 10 kg.

Moving to the edibles section, refined palmolein softened by a rupee to Rs 668 per 10 kg as against Rs 669 earlier, while, groundnut oil closed unaltered at Rs 970 per 10 kg.

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