Castor-Diwale retreated from rising prices while various imported edible oils soared.

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Mumbai, August 10, 2019, Saturday

With the increase in demand in Palmetal today, about 8 tonnes were traded in the Mumbai oil-seeds market for delivery from August 1 and September 7, at a cost of Rs. Hawala resale prices were up by Rs 5 in Palmtel. Hawala resale traded around 5-7 tonnes. Meanwhile, prices of crude palm oil CPO Kandla went up by Rs. World market news was encouraging.

In the market present in Mumbai, the price of 5 kg was Rs. On the Rajkot side, prices were between Rs 1 and 3 and the price of Rs 5 per kg was Rs. Cotton washed prices remained at Rs 5 to Rs. In the Mumbai market, the price of cottonseed oil was Rs.

Meanwhile, soybean prices in the Mumbai market today went up by Rs 5 to Rs 5, while from Riffa to Rs 5. Sunflower prices went up by Rs 5 and Riffa at Rs 5 while Mustard prices were at Rs 5.

Copper prices were hitting a 5-kilometer hike. Due to heavy rains in Karnataka and Kerala, there were directives that affected the supply of copra and copper. In the Mumbai market today, the price of dewel has remained soft at Rs 5 a kg. While the price of Mumbai castor was Rs.

The world market was now looking at how trade meetings between China and the United States were moving forward. However, given the statements made by the US president about China, the possibility of such a trade agreement being considered is unlikely. In Indonesia, palm production is likely to drop there due to dry weather and adverse weather conditions. In the wake of the Swine Fever, the demand for China is likely to increase in the global market for edible oils. This indicates that the prices of edible oils in the world market have been increasing over the last 3 to 3 days.

Meanwhile, as per the data released on the ninth August in India, the total acreage of shrimp in the kharif season has been around 2.5 lakh hectares nationwide as against 1.8 lakh hectares in the same period last year. Soyabean sowing has been done this year during this year at 8 lakh hectares, compared to 5.5 lakh hectares last year. However, due to heavy rains in Maharashtra, soybean planting areas are getting adverse effects of the crop.

Meanwhile, sesame area has been planted in a total of 8 lakh hectares this year compared to 5.5 lakh hectares last year. The total acreage of various oilseeds has increased from 9.5 lakh hectares this year to 9th August as against 9 lakh hectares in the same period last year.

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