Rapid rise in Singtel: Demand for China rising: Saurashtra oil markets up

Mumbai, Ta. December 16, 2019, Monday

Singtel prices were rising sharply behind Saurashtra today in the Mumbai oil-seeds market. There was news of a 5 kg price rise in the Mumbai market, with a rise of Rs 5 in Singtel, while the Rajkot side reported a rise of Rs 5 and Rs 5 a kg. There was talk of export of goods with two percent FFA in Singtel to China. In Singdana, the demand for goods across the border has also gone. Meanwhile, the price of cotton washed up by Rs 5 to Rs 5 on the Rajkot side while in the market of Kapasia, the price of cottonseed was increased from Rs.

Meanwhile, futures prices in Malaysia today closed higher at 5, 6, 6 and 6 points plus when the prices of palm products were up two and a half dollars. Total exports of palmetta from Malaysia have decreased by 5% to 7 tonnes during the 7 days of the current month. That was 6 tonnes last month, according to the SGS.

Meanwhile, exports from Malaysia to India have dropped from 5 tonnes to 3 tonnes in this period. Meanwhile, soybean arrivals in the home country today came to around 2 lakh 5 thousand times nationwide and Madhya Pradesh's arrivals came to about two lakh times and there were prices ranging from Rs 1 to 3.

The total production of palmetta in Malaysia was reported to have decreased by around 5 to 8 percent in the first 7 days of this month. According to market analysts, India's demand is likely to rise again in January for the market in Malaysia. Groundnut arrivals on the Gondal side today were reported at around 3 thousand times in the morning and Rajkot on the side at around 3 thousand times.

Meanwhile, Indonesia has been challenged by the World Trade Organization for controlling imports of biofuels based on palmetto in European countries. Argentina's new government received reports of an export tax on wheat and maize in soybeans, products exported from there.

There were reports that the export tax on soybean exports from Argentina and the export tax on soybean exports increased from 8.5% to 5%. According to reports from China, there were reports that the government had imposed proposed tariffs on various US goods.