Continuous bullish moves in the domestic and imported edible oils on the domestic market at the closed market.
Mumbai, Wednesday
The Mumbai oil-seeds market was officially closed today because of Christmas. However, prices were speaking higher at the closed market. World market overnight news was also encouraging. Chicago soybean futures overnight in the US were lifted 3 to 5 points, while soybean futures were up 5-7 points at night.
With the rise of the world market and the dollar prices against the domestic rupee, the import cost of homemade edible oils has gone up against the market, with market intervals still lower than the cost of imports.
Pamtel prices were up by Rs 5 per 5 kg hawala resale in Mumbai market today, while JNPT prices were trading at Rs 5. However, there were new businesses in the market today during the holiday mood.
The direct delivery prices of refineries in Palmtale have been significantly higher and now the market prices are likely to go higher due to the fact that most of the dew-date goods are now sold at Hawala Resale. Meanwhile, the prices of crude palm oil CPO Kandla were Rs.
Meanwhile, in Mumbai market, the price of 5 kg was Rs. 1 per liter of Singtel. While Rajkot side was reported to be hovering between Rs 5 to Rs 5 and Rs 5 per kg. There, the price of cotton washed increased from Rs
Cottonseed oil prices in Mumbai market today were Rs. Meanwhile, the price of soyetail was Rs. 6 for digam and Rs. 1 for refinery. Sunflower prices were at Rs 5, while Rifa was at Rs 5. Mustard prices were trading at Rs.
Meanwhile, groundnut arrivals in the morning today were reported at around 3,000 times on the Gondal side and around 3,000 times on Rajkot side and the spot prices were reported at Rs 5 to Rs 6 per kg of groundnut.
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