Big jump in edible oil futures

Mumbai, Ta. January 21, 2020, Tuesday

In the Mumbai oil-seeds market, prices of various indigenous and imported food items continued to fluctuate. World market news was showing a decline. The futures market, however, was seen late today. In the spot market in Mumbai today, there was a price of Rs 5 per liter of hawala resale and Rs 6 of JNPT.

About 5 to 8 tonnes were traded in the range of Rs 1 to 3 while refineries were getting marketed at buyback today at Rs 5.

Meanwhile, import costs are still rising at this price. In the Mumbai market, prices of crude palm oil CPO Kandla remained at Rs. 7 while in the futures market CPO price was Rs. 1 and lower was of Rs. Meanwhile, futures prices soared today to Rs 1.8 in the high and 0.3 in the evening.

At the global market, Palmetel's futures were going down at a point in the current market at 5 points minus the bounce back.

Meanwhile, in the spot market in Mumbai, soybean prices fell by Rs. 6 while refined by Rs. Singtel prices were around Rs. On the Rajkot side, prices were between Rs 1 to Rs 5 and Rs 5 to Rs 5 per kg. The prices of cotton washed from Rs. Cottonseed oil prices in Mumbai market were down by Rs. So far, about 5 lakh tonnes have been procured this year from various states by the Nafed in Singadana.

Of these, about 4 lakh tonnes of shrimp have been procured by NAFED from Gujarat at a price of Rs. In Gujarat, the crop is observed at around 1 lakh tonnes and on the All India basis, the crop is observed at 1 lakh tonnes. Meanwhile, about 1.5 lakh tonnes of coriander has been procured by Nafed from Rajasthan while the purchase from Andhra has been made at around 3,000 tonnes.

Meanwhile, the price of sunflower in Mumbai market today was Rs. 3 and ref. While the Mustard prices were Rs. 1 and Copperle's was Rs. The prices of the Mumbai Diwali and the prices of the castor on the spot remained tight today. Meanwhile, soybeat prices in Mumbai khola bazaar were hovering around Rs 3,000 to Rs 5 thousand per tonne. The other laps were quiet though.

Soybean arrivals in Madhya Pradesh today were reported at around 1 lakh times and prices were there from Rs. All India arrivals came to about 1 lakh 5 thousand times. At Madhya Pradesh, the prices of soyatal today were Rs 1 to Rs 5 and Riffa was at Rs 1 to 3. In Malaysia, the production of palmetta was reported to increase by around 5 to 8 percent in the first 7 days of this month.

Meanwhile, groundnut arrivals this morning were reported at around 3,000 times on the Gondal side and Rajkot side at around 3,000 marks, and the prices present at the establishments remained at Rs 5 to Rs 5 per kg. Total exports of palmetta from Malaysia have dropped by 8.7% in 7 days. Meanwhile, news that China's subsidy-assisted subsidies by farmers will now be cut in the midst of a surge in purchases from US agricultural markets has been reported today. Meanwhile, castor was speaking this evening at the futures market.