Edible oils dip further on fresh supply

PTI Mumbai | Updated on May 07, 2011

Prices of groundnut oil and refined palmolein declined further at the oils and oilseeds market here on Saturday.

Groundnut oil declined in the absence of demand from retailers, amid good supplies from producing centres.

Refined palmolein eased on poor offtake coupled with lower Malaysian advices.

Castor seeds bold and castor oil commercial dropped due to lack of enquiries from shippers and soap manufacturers.

Linseed oil also moved down on lack of inquiries from paint industry.

Meanwhile, castor seeds futures recovered owing to fresh export orders.

In the edible section, Groundnut oil moved down by Rs 5 per 10 kg to Rs 830 from yesterday’s closing level of Rs 835 and refined palmolein eased by Rs 2 per 10 kg to Rs 568 as compared to Rs 570 in the previous session.

Published on May 07, 2011

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