Desi - Imports present in edible oils and futures market: boom in castor and devel
Mumbai, Ta. August 26, 2019, Monday
New demand for the Mumbai oil-seeds market was slow today. Businesses were scattered. World market news was encouraging. In Malaysia, today's futures futures were at a point higher in the current market at 5 to 5 points plus the evening price was finally at Rs. There, however, the prices of the palm product were two and a half dollars soft.
Meanwhile, soybean futures prices in the Chicago market in the United States were up 5 points this evening. The recent agitations between the United States and China over the recent news that the talks would resume after the trade war broke out, were aggravated by US agricultural markets calling for a shock. Meanwhile, in the spot market in Mumbai today, the price of kg was Rs. 2 per liter of Havla resale and Rs. 2 of JNPT.
Trade was slow, though. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs. While CPO futures prices were up by Rs 1.8, the price was Rs. 7 in the evening while soyatel futures prices were rising at Rs. Were. In the market today, the price of soybean in the market today was Rs 1 to Rs. 5, while from RIFA to Rs. Sunflower prices were hiked by Rs 5 to Rs 5 and Riffa at Rs 5 while Singtel prices were at Rs 5.
On the Rajkot side, prices were between Rs 5 and Rs 5 and Rs 5 per kg on Sunday. There, the price of cotton washed increased from Rs. In the Mumbai market, the price of cottonseed oil went up by Rs. Mustard prices were at Rs 5 while coconut prices were at Rs 5 per kg.
Meanwhile, in the Mumbai market today, the price of dewel was Rs 5 per kg, Rs 5 for the upstream commercial, Rs 5 for FSG and Rs 5 for FSG Kandla, while the price of castor in Mumbai was increased by Rs 5.
In the Mumbai khol market today, Singhal prices were down by Rs 5 per tonne while the price of cottonseed khul was Rs 5. Sunflower oil prices were Rs. 5 per kg while soybean prices were Rs. 1 to Rs. The other laps were quiet.
Meanwhile, CPO futures prices were trading at Rs 5 to Rs 5.5 this evening, while soybean futures prices were trading higher at Rs 8 to 7.8 in the evening. In the castor futures market this evening, September prices were at Rs 5 and October prices were at Rs 5 plus.
In the US market this evening in the Chicago market, prices soared on soybean futures while projections soared. However, New York cotton futures prices remained in the teens this evening at minus.
In the domestic currency market today, the impact of the dollar price fluctuation was also reflected in the presence and futures prices of various imported edible oils.
Soybean arrivals from Madhya Pradesh on the Madhya Pradesh side this afternoon were reported at around 3,000 times and the price was between Rs 1 to Rs. While there, soybean prices were priced at Rs 5 to Rs 5 and Riffa to Rs 1 to 3.
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