Indian edible oil declines before Diwali: imported edible oil prices bounce back after world market

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Mumbai, Ta. October 24, 2019, Thursday

Mixed weather was seen in the Mumbai oil-seeds market today between various domestic and imported foodstuffs. The edible oils were more visible against the indigenous edible oils. World market news was booming. The futures market was also boosted in the domestic edible oils. In Malaysia, today's futures futures closed 5 points higher after closing at one point.

There, the prices of the palm product were raised by seven and a half dollars. Expectations for biodiesel in Palmetal and fears of a decline in palmfruit production amid adverse weather in Indonesia, say palmetto prices in the world market are rising. Meanwhile, prices of palmetta in Mumbai market today went up to Rs 5 per kg of hawala resale and Rs 6 to JNPT.

Meanwhile, direct delivery merchandise from various refineries increased from around Rs. Meanwhile, prices of crude palm oil CPO Kandla went up by Rs. In the futures market, CPOs went up to Rs. 7 in the evening and Rs. While soyatel futures were up by Rs 1.8, the price was Rs. 7 in the evening.

Meanwhile, Chicago soybean futures in the US were overnight soft at 5-6 after the projection today jumped from 5 to 5 points in the evening. There was a slow decline in soybean futures in the overnight trend. While soybean futures remained at 5 to 5 points plus. Meanwhile, New York Cotton futures overnight remained at 5 to 5 points plus.

Meanwhile, in the market today, the price of 5 kg of singlet was falling to Rs. While the price of Rajkot was down from Rs 5 to Rs 5 and Rs 5 to Rs 5 per kg, the cost of cotton washed today was reduced to Rs 5 to Rs 5 while in the Mumbai market, the price of cottonseed oil was falling by Rs. In the Mumbai market today, Soyatel's present price was between Rs 5 to Rs 5 and Rifa to Rs 5. Sunflower prices were at Rs 1 and refinery at Rs. Mustard prices were at Rs 1 and Copperl at Rs.

The current prices of Diwali and castor were narrowing today. The weather was calm even today in Mumbai Khola Bazar. The big crop of shrimp and fresh cotton is believed to be under pressure in Singtel and Cottonseed oil. In Brazil, soybean crop was expected to grow in the world market.

Meanwhile, after India was offended by Malaysia's attitude to the Kashmir question, there are now directives from Malaysia trying to persuade India. Eranda futures were at a low of Rs 1 to 5 this evening while the CPO and soybean futures were trading higher at Rs 1.8 to Rs 8 this evening. General Chat Chat Lounge


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