China to buy large quantities of soybeans on duty-free basis from US: World Market

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Mumbai, Ta. October 22, 2019, Tuesday

With the pre-Diwali demand increasing in the Mumbai oil-seeds market today, Palmetel has traded a total of around 3 to 5 tonnes in various deliveries. However, some of these trades were due for delivery by November 7, market analysts said. The trades took place in the direct delivery of 2 kg of direct refineries from various refineries in Paltel from Rs. Pawanatel's hawala resale prices today stood at Rs 1 and JNPT's at Rs.

While the prices of crude palm oil CPO Kandla were Rs. In the world market today, the futures price of palmetta in Malaysia finally closed at 5,3,3 points, while the prices of palm products jumped by seven and a half dollars. In the US Chicago market, soybean futures overnight rose 5 to 5 points today, with Bhava staying in the projection for 3 to 5 points in the evening. After soybean futures overnight 5 points softened today prices were calling higher.

According to world market news, China is considering importing large quantities of soybeans from the US on a duty-free basis. The informants were showing that this amount is likely to be around 10 million tonnes. While soaring negotiations between China and the United States have taken place, soybean prices have been heated in the world market with such considerations by China.

Meanwhile, in Mumbai market today, the price of 5 kg was Rs. While the Rajkot side stayed between Rs 5 and Rs 5 per kg, it was between Rs 5 and Rs 5 per kilogram. Cotton washed today, falling by Rs. In the Mumbai market today, the price of cottonseed oil was Rs. 6 and Rs. Sunflower prices were reported at Rs 5 and refinery at Rs 5. Mustard prices were at Rs 1 and coconut prices at Rs.

Diwali prices fell by Rs 5 a kg today. The current price of Mumbai castor was Rs. Castor futures were soft. According to sources in the Jaja Saurashtra Oil Mills Association, a new crop of shrimp in Gujarat is likely to arrive at 8 lakh tonnes this year in Mumbai. The state government's estimate is 1 lakh tonnes.

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