Price fluctuations in Diwali: A big boom in castor futures has triggered a recession circuit

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Mumbai, Ta. September 25, 2019, Wednesday

In the Mumbai oil-seeds market, there were major gaps in castor and diesel prices and lower circuit imports were found in castor futures. Food prices in the world market were showing mixed weather. In Malaysia today, Palmet's futures were 5 points softer on the nearest delivery, while the distant delivery remained at 5 and 6 points plus. There, however, the prices of the palm product were quiet.

In the spot market today, there was a price of Rs 5 per kg of hawala resale and Rs 6 of the JNPT. Palmetel's direct delivery trade of refineries today was reported to be around 3 to 5 tonnes in the range of Rs.

Meanwhile, prices of crude palm oil CPO Kandla were down by Rs. In the futures market, CPO prices were Rs. 7 this evening and soyatel futures were Rs. Total exports of palm oil from Malaysia fell 5 percent to 5 tonnes in the twenty-five days of the current month, SGS data said. Exports from Malaysia to India during this period were reported to have dropped from 5 tonnes to 5 tonnes.

Meanwhile, the price of Singtel in Mumbai spot market was Rs. On the Rajkot side, prices were between Rs 1 and 3 and the price of Rs 5 per kg was Rs. There were prices of cotton washed at Rs 5 to Rs 3 and in Mumbai cotton was priced at Rs 5.

According to news from China, imports of soybeans from the US to China increased by 8 to 8 percent in August, while imports increased five times this year compared to the previous year, and were up about 5 percent over the previous month. In the spot market today, the price of Soyatel was Rs.5 per liter and Rs. 1 for the ref. Sunflower prices were at Rs 1 and refinery at Rs. Mustard prices were Rs. Diwali prices were broken at Rs 5 a kg today.

While the price of castor in Mumbai today was Rs. Amidst the favorable weather and satisfactory rains in North Gujarat, castor futures were taking off amid hopes of a better harvest of castor crop, and in the evening, the prices of the castor in October were Rs.


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