Refined palmolein declines on stockists selling

MUMBAI: Refined palmolein declined at the Vashi oils and oilseeds wholesale market here today on stockists selling amid subdued demand from retailers. In the non-edible segment, castorseeds bold and castoroil commercial moved down further due to poor demand from shippers and soap manufacturers.

Meanwhile, groundnutoil and linseedoil held steady in the absence of any major buying activity.In the edible section, refined palmolein fell by Rs 4 per 10 kg to Rs 593 from Thursday's closing level of Rs 597 previously. Groundnutoil closed unchanged at Rs 760 per 10 kg.

Moving to non-edible section, castorseeds bold eased by Rs 10 per 100 kg to Rs 3,950 from its overnight level of Rs 3,960 and castoroil commercial went down by Rs 2 per 10 kg to Rs 820 as compared to Rs 822. Linseed oil remained unaltered at Rs 760 per 10 kg.