Signs of reduction in duty on edible oils in India

Mumbai, Ta. 22 January 2020, Wednesday

In Palmtel today, the price of the 5 kg in Havala resale was 8 to 8 in the evening. About 5 tonnes was traded at Rs. Poona was the seller. Refinery prices were Rs. When the refinery buyback price was Rs. Businesses were not special. About 7 to 5 tonnes of trades were traded in buyback on Tuesday.

Meanwhile, prices of crude palm oil CPO Kandla remained at Rs. In the futures market today, CPO prices were lower by Rs. 5 and higher by Rs. 8. While soyatel futures prices were lower by Rs. 5 and higher by Rs. 8, prices were trading at Rs.

Meanwhile, the price of cottonseed hollow in the Mumbai khola market today was Rs. 5 per tonne, while prices of soybean were up by Rs. 3 to Rs. Prices of castor hull remained at Rs 6 while other hulls remained quiet.

Meanwhile, in the world market today, futures futures in Malaysia closed at 5, 6, 6 and 3 points plus. While there were reports that market players were stagnant, with prices of palm products jumping from $ 5 to $ 5 today. In the first 7 days of the current month there was a decline in production of palmetto.

There was a sharp rise of 5 percent today. According to the Malaysian Palm Oil Association, palmetto production in Malaysia is projected to decline by around 3-5% in the first 7 days of the current month. Prior to this, the estimate was shown to be 5 to 5 percent. However, there were also reports that Palmet's total exports from Malaysia were around 5 to 6 percent during this period. The global market was informed by forecasters that prices are expected to rise by around 3-5% this year.

Meanwhile, the Central Bank of Malaysia was reported to have cut interest rates by 5% today. Meanwhile, according to the news from Delhi on Monday, the Central Government's Ministry of Consumer Affairs had sent a proposal to the Ministry of Commerce to reduce the import duty on various edible oils in the country. The news was also impacting the boom on the Malaysian market today.

In the US, Chicago soybean futures prices fell 5 to 5 points this evening, after overnight breaks by 5 points. In the spot market in Mumbai, the price of 5 kg was Rs. 1 per liter of Singtel while the price of Rajkot was Rs. 3 to Rs. And Rs. 5 to Rs. Cotton washed at Rs 5 to Rs 5 and in the Mumbai market, cottonseed oil prices were Rs. The prices of soyetail were Rs. 6 and Rs.15 for digam while sunflower prices were reduced by Rs. 1 and ref.

Mustard prices were Rs 1 while Copperle was at Rs. Diwali prices were slowing down. When Mumbi spotted castor prices were Rs. Meanwhile, soybean arrivals in Madhya Pradesh were reported at around 3,000 times today. Overnight news from Chicago and New York markets in the United States showed a significant drop in cotton, soybean and soybean futures prices.