11 million tonnes of licenses were issued for the import of Palmoline

Mumbai, Ta. 20 February 2020, Thursday

The prices of edible oils were soft today in the Mumbai oil market. However, there were reports of a surge in the futures market after the price fluctuation. Meanwhile, according to government sources, about one lakh tonnes of licenses have been issued so far for the import of Palmoline in the country. The market is now looking at when and how many new licenses are issued.

Meanwhile, according to the news that the import licenses of one lakh tonnes have been issued, the instructions have been given mainly for importing from Indonesia. Desi food items were hit. In the spot market today, there was a 3 kg palmetal hawala resell for Rs 5 and Rs 6 for JNPT. About 5 to 5 tonnes were traded in the range of Rs.

Meanwhile, prices of crude palm oil CPO Kandla remained at Rs 5 while CPI futures prices were down by Rs. 7 in the evening, while prices remained at Rs. The price remained high at Rs.

Meanwhile, according to the news from Delhi, the government has increased the custom exchange rates of the dollar from Rs. These new rates are set to go into effect on February 5th. This has led to an increase in the effective import duty of various edible oils in the country, market analysts said.

As a result of this, the effective import duty of crude palm oil CPOs imported into the country has increased from Rs. 1 to 2 per tonne while such effective import duty of Palmoline has increased from Rs. Against such import tariffs of soyatel, there has been an increase of Rs 1 to 3 per tonne, market analysts said. Meanwhile, the futures prices in Malaysia today closed at 5, 6, 6 and 6 points plus when the prices of palm products were raised by ten dollars.

Today, soybean arrivals on a domestic basis were around 5 lakh 7 thousand times nationwide, out of which the arrivals from Madhya Pradesh came to around 3,000 times and there were prices ranging from Rs. There were soyatel prices today from 1 to 5 and refined from Rs 1 to 3. Meanwhile, the total exports of palm oil from Malaysia have been met with the increase of about 3-5% in the first 7 days of the current month. Cotton prices in Saurashtra today were reported at Rs 5 to Rs 5 per kg.

Peanut arrivals at Gondal at home today were about 3,000 times higher and the present price was reported at Rs 5 to Rs 6 per kg. The corn crop in the country is expected to grow by around 5 to 8 percent this year, to about 1.5 to 1.5 lakh tonnes. Out of these, kharif crop is observed at around 1 to 2 lakh tonnes and rabi crop is about 1 lakh tonnes.

Ravipak of mustard has been shown to decrease by around 1.5 to 1.5 lakh tonnes. The kharif crop of soyabean is growing by about 0.5 to 8.5 percent at 5 to 5 lakh tons. The total oilseeds of various oilseeds are estimated to increase from 1 to 2 lakh tonnes nationwide to around 1 to 2 lakh tonnes this year. China had news of falling interest rates.

Chicago soybean futures overnight in the US were 5 to 5 points softened, followed by a two point softening in projection this evening. In the Mumbai market today, prices of soyatel were Rs 6, Rs 7 for refined, Rs 5 for sunflower and Rs 7 for refined, Rs 2 for mustard, Rs 5 for singatel, Rs 5 for cottonseed and Rs 5 for copper.

On the Rajkot side, prices stood at Rs 5, Rs 5 per kg for Singtel and Rs 5 to Rs 5 for cotton. In the Mumbai market today, the price of dewel fell by Rs. While the castor was soft at Rs. In the Mumbai khol market, Singhal prices were soft at Rs 5 a tonne while sunflower khul rose by Rs. The other laps were quiet.