Shipping accelerated: 700 tonnes of trade increased due to demand for delivery by 10th September

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Mumbai, Ta. August 28, 2019, Wednesday

Mumbai oil-seeds market today increased prices of palmetto. At Palmetel, the delivery from September 1 to September 8 was around 5 to 5 tonnes, along with the delivery of Rs 1 to 5 mahwala resale and refinery direct delivery. Havala-resale prices were today hiked by Rs 5 per kg and JNPT at Rs 5. The prices of crude palm oil CPO Kandla, however, remained at Rs 5. While CPO futures prices were Rs. 6 in the evening, the price was Rs. 5.6, while soyatel futures prices were at Rs.

World market news was encouraging. In Malaysia, today's futures futures were finally closed at 1, 2, 3 and 5 points plus the price of palm products remained two and a half dollars soft. Meanwhile, Chicago soybean futures overnight in the US were 5 to 6 points softer, while prices remained at two points plus in the evening. In the overnight news, soybean futures were 5 to 5 points soft while soybean futures remained 3 to 3 points minus.

New York Cotton futures overnight near delivery was 5 points softer, while distant delivery remained at 5 points plus. World market players were watching whether the trade talks between China and the United States could move forward.

Meanwhile, the price of Singtel in Mumbai spot market today was Rs 5 per kg. On the Rajkot side, prices remained at Rs 5 to Rs 5 and Rs 5 to Rs 5 per kg. Cotton washed at Rs 5 to Rs 5 while in the Mumbai market, cottonseed oil remained at Rs 5.

In the Mumbai market today, soyatail prices were down by Rs 5 to Rs 6 for digam while refined price was Rs 5 with Rs 6. Meanwhile, sunflower bhava was priced at Rs 5 while refinery prices were calling at Rs 5. Mustard prices were Rs 1 and copparel was Rs 5 per kg. Diwali prices were soft at Rs. While the price of castor in Mumbai was Rs.

Meanwhile, the price of Singhal in Mumbai khola market today was Rs 5 per tonne while cottonseed khul was Rs 6 with Rs. Sunflower oil prices were Rs. 5 per kg while soybean prices were Rs. 1 to Rs. The other laps were quiet though.

Argentina has seen a significant drop in its currency prices, and calculations have shown that its impact on soybean prices in the world market, in particular. Groundnut arrivals in Gondal this morning were reported at around 3 times and Rajkot side at around 5 times, and the present prices of groundnut were Rs 5 to Rs 5 per kg.

Soybean arrivals at Madhya Pradesh were reported at around 3,000 times this afternoon and there were prices ranging from Rs 1 to Rs 5 and plant prices at Rs 1 to Rs. While there, soybean prices remained at Rs 5 to Rs 5 and Riffa to Rs 5 to Rs. According to reports from Indonesia, the government has decided to keep the tax on crude palm oil CPO exports at zero level for September.


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