Rapid rise in castor futures: Soyette stock plunges to six-month low in China

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Mumbai, Ta. 23 August 2019, Friday

New demand in the Mumbai oil-seeds market was slow today. After a significant trade in Palmetal in the last 2-3 days, new purchases were slow today. The prices, however, remained firm. In the world market today, the futures price of palmetta in Malaysia was finally closed at 5,7,2 and 6 points plus when the prices of palm products were quiet.

In the spot market today, there was a price of Rs 5 per kg of hawala resale and 8 of JNPT. New businesses were a fan. Crude Palm Oil CPO prices for Kandla remained at 5 to 7. Meanwhile, CPO futures prices in the futures market today were 7.4.

In the US market, soybean futures overnight in the Chicago market remained soft at 5 to 5 points, and today the projection prices remained at 5 to 5 points in the evening. Meanwhile, the soybean futures overnight were 5 to 5 points soft. While soybean futures remained at minus 5 to 5 points. New York Cotton futures overnight were 3, 5 and 5 points tangled. In the spot market today, the price of Singtel was 5 kg. The Rajkot side looked like a Holiday Mood.

Cottonseed oil prices remained at Rs. When the prices of soybean were down. Sunflower prices were 1 and Rifa 3. Mustard prices and Koparil prices continued to hit a headline of 5 kilos.

Meanwhile, the price of Diwali was 5 kgs. In the Khola market today, the price of Singkhole was Rs. 5, while the price of soybean was Rs. 1 to 5. Prices of castor oil were up by 1 tonne.

While the other laps were quiet. Meanwhile, soybean stocks in China plummeted to a three-month low, according to world market news. The stock has been declining for the past three consecutive weeks, according to the report. Meanwhile, the total acreage of various oilseeds in the country has been reported to be 8 lakh hectares by August 8. Last year, this figure was recorded at 1.8 lakh hectares.

Meanwhile, acreage has been sown in 2.5 lakh hectares against 1.5 lakh hectares in the period, while soybean has been planted against 5.5 lakh hectare in 2.5 lakh hectares. Sesame area is planted in 2.5 lakh hectares against 1.8 lakh hectares and castor planted in 1.2 lakh hectares against 1.2 lakh hectares.

While the weather is dry in Argentina, there has been an impact on various crops. Soybean in the Brazilian market has recently increased in China. Meanwhile, domestic futures prices were trading at a high of 5.2 in the middle of the futures market in the castor futures market today.


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