Edible and non-edible oils decline on subdued demand

Mumbai, Aug 30 (PTI) Groundnut oil declined at theVashi oils and oilseeds wholesale market here today due tosubdued demand from stockists and retailers amid adequatestocks. Refined palmolein also dropped on poor offtake fromretailers. Elsewhere, castorseeds bold and castoroil commercialslipped following lower demand from soaps and shippersindustries. Linseed oil slumped owing to lack of demand from paintand allied industries. In the edible segment, groundnut oil moved down by Rs10 per 10kg to Rs 1,390 from Monday’s closing level of Rs1,400 and refined palmolein eased further by Rs 3 per 10kg toRs 620 as compared to Rs 623 yesterday. In other hand non-edible section, castorseed bold slidby Rs 15 per 100kg to Rs 3,640 as against Rs 3,655 and castoroil commercial edged down by Rs 3 per 10kg to Rs 758 from Rs761 previously. Linseed oil fell by Rs 25 per 10kg to Rs 1,100 asagainst Rs 1,125 yesterday. PTI BPDMKJ