Singtel and cottonseed oil spur lower prices due to deficient rainfall in the country

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Mumbai, Ta. November 15, 2019, Friday

In the Mumbai oil-seeds market, Singtel and Cottonseed oil prices remained on a slower pace, stopping the decline. Saurashtra was showing support for reducing the news. New sales in these edible oils were getting stuck in the headlines, amid the news of the rains in various producing countries.

In the spot market today, the price per kg of Singtel was Rs 5, while the price of Rajkot was Rs 3 to Rs 3 and the price of Rs 5 kg was Rs 5 to Rs 4 for Rs 5. There were instructions for cotton washed prices ranging from Rs. Cottonseed oil prices today stood at Rs 5 in the present market.

Meanwhile, the price of palmetta remained at Rs 1 for Hawala Resale and Rs 6 for JNPT. There was new demand. The price of crude palm oil CPO Kandla was Rs. Soyaat futures prices were trading at Rs. 5, lower then Rs. 5 in the evening.

In the world market today, the futures price of palmetta fell to Malaysia at 5,2,3 and 6 points, while the prices of palm products fell by half a dollar. After the Chicago soybean futures overnight increased 3 to 5 points in the United States, prices in the projection remained at 5 to 5 points this evening.

In the Mumbai market today, the present price of Soyatel was called Digam and Riffa 1, while Sunflower prices remained at Rs 5 and Riffa at Rs. Mustard prices were calling Rs. Copper prices fell by Rs 5 to Rs 5 per kg. The news of the South was showing lessening.

Diwali prices remained soft at Rs 5 a kg today. While Mumbai castor was present at Rs. India's imports of various edible oils increased by about 8.5 per cent to 1.8 lakh tonnes in November-October, from October 1 to October 1. The futures were down at Rs 5 a barrel this evening at the castor futures market this evening.

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