Imported edible oils bounced back from falling headlines

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Mumbai, Ta. 29 January 2020, Wednesday

The prices of various imports and domestic edible oils were rising again in the Mumbai oil-seeds market today. World market news was responding sharply with declining prices. The futures prices in Malaysia, which fell 5 points on Tuesday, were again closed today, finally closing at 5, 6, 6 and 6 points plus. There, however, the prices of the palm product remained today at $ 8 to $ 8 minus. Meanwhile, the Chicago soybean futures in the US were overnight at 5 to 5 points after the evening news of the projection being 5-8 points plus.

Thus, in the global market, prices of various edible oils kept slumping as the market bounced back and the homeowners were also slowing down. In the spot market in Mumbai, there was an increase of Rs 5 per liter of hawala resale and Rs 6 for JNPT. About one and a half tonnes was traded between Rs. The price of crude palm oil CPO Kandla was Rs.

Meanwhile, in the futures market today, CPOs were trading below Rs. 5 in February and Rs. 5 in the high. While soyatel futures were lower at Rs 5 and higher at Rs 5 in the evening, prices were trading at Rs.

Meanwhile, the Government of India recently imported Rifa into the country. After imposing restrictions on the importation of Palmetel, the news from Delhi is now set to meet the licensing procedure for such imports. And for this an inter-ministerial group is being formed. The group now has to decide such standards.

Meanwhile, the price of Singtel in Mumbai market today was Rs 5 per kg. While the Rajkot side prices were between Rs 1 to 3 and Rs 5 to Rs 5 per kg. Cotton washed down by Rs 5 to 3 today, while the price of cottonseed in the Mumbai market remained at Rs 5 to Rs 5.

In the Mumbai market today, the price of soybean was Rs. 1 to Rs. 5 for digam and Rs. 1 for refinery. Mustard prices were at Rs 5 and copparels were priced at Rs 5 per kg. The news from the South was encouraging. Diwali prices went up by Rs 5 today, while the price of castor in Mumbai was Rs. In the Mumbai khola market today, the price of Singhal was Rs 5 per tonne while the price of cottonseed khola was Rs 5 per tonne. Sunflower oil prices were at Rs 5 per kg while soybean prices were at Rs 5 to Rs 5 per tonne. The price of castor oil was Rs. 3 per tonne.

Meanwhile, soybean arrivals today totaled nearly 4,000 times on the Madhya Pradesh side. Total exports of palmetta from Malaysia fell by about 8.5 percent in the first six days of this month. India's exports from Malaysia have dropped from 5 tonnes to 5 tonnes in this period.


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