Palmetal re-record high price: new crop of Reward projected to rise to 3.60 lakh bales

Mumbai, Ta. 29 November 2019, Friday

There was a new demand in the Mumbai oil-seeds market today. The prices, however, remained firm. Meanwhile, according to the Cotton Advisory Board, production is expected to increase to 3 lakh bales in the new Rs. Cotton has been shown to increase the yield per hectare in the country. Such productivity per hectare has increased from 5 kg to 5 kg this year, the CAB said.

World market news was encouraging. In Malaysia today, Palmet's futures were finally 5 points softened in the nearest delivery while the distant delivery remained at 5, 6 and 5 points plus. There, however, the prices of the palm product were two and a half to five dollars soft. Chicago and New York's agricultural markets were closed following news of Thanksgiving celebrations in the United States.

Meanwhile, in the present market in Mumbai, there were 5 kg of Bhava Singtel worth Rs. While the Rajkot side was priced at Rs 5 and Rs 5 per kg, it was Rs 5 to Rs 5. Cotton washed prices there, however, went up by Rs.

Cottonseed oil prices were hiked by Rs 5 in the Mumbai market today. Meanwhile, Singdana's All India Daily average arrivals are currently approx 1 lakh times against the demand of local and exporters at low prices. Groundnut arrivals this morning were reported at around 4,000 times on Gondal side and Rajkot side at around 3,000 times and the spot prices of peanuts were reported at Rs 5 to Rs 5 per kg.

In the spot market today, prices of palmetta hawala resale bounced up by Rs 5 and new high of Rs. New trades were slow, though. The prices of crude palm oil CPO Kandla were up by Rs 5 while in the futures market CPO futures prices were Rs.

Meanwhile, soyautal futures were priced at Rs. 7, while highs were Rs.

In the spot market today, soybean prices remained strong at Rs 6 to Rs 5 and Riffa at Rs 5 while Sunflower prices were at Rs 5 and Riff 1 to 5. Mustard prices went up by Rs 5 while the price of coconut was at Rs 5 per kg. The news from the south was bouncing around.

Meanwhile, in the market today, the price of dewel is Rs. The fall was five while the prevailing price of Mumbai castor was Rs. In the Mumbai khol market, the price of cottonseed khola was Rs 5 per tonne. The price of sunflower oil was Rs 5 and Rs 5 for the soybean and Rs 5 for Rs. The other laps were quiet.

Soybean arrivals in the house today were reported at around 1 lakh times in the afternoon and the present prices were from Rs. While the price of the plant was Rs. There were reports of soyatel prices today being around Rs 5 to Rs 5 and Rifa to Rs 3 to 3. There were reports that more plants would be set up to make bio-diesel from edible oils in India. Such units will be set up in Gujarat, Rajasthan, Uttar Pradesh and the total installed capacity of these units is likely to be around 1 tonne per annum. Meanwhile, castor futures prices were in the range of 5 to 5 minus this evening.