Imports of decanted coconut powder were restrained

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Mumbai, Ta. 11 February 2020, Tuesday

The government today decided to control the import of decapitated copra-coconut powder in India. The moisture is removed to make such copra-coconut powder more durable and such powder is known as dessicated coconut powder. There are reports that import of such powder can now be imported to CIF value powder of Rs 5 or more per kg and banning the import of such low value powder.

The prices of various imported edible oils remained soft in the Mumbai oil-seeds market today. New demand was slowing down. Businesses were scattered. World market news was also disappointing. In Malaysia, the futures price of Pamtel was last closed at 5, 6, 6 and 5 points minus the value of the palm product.

In the US, soybean futures in the US overnight fell 5 to 5, but today in the projection prices remained at 5 to 5 points in the evening. New York Cotton futures were overnight news at 3 and 5 points plus. Meanwhile, in the spot market in Mumbai today, the price of 4 kg of paltel was Rs 6 per hawala resale while the JNPT was Rs 3.

Hawala resell traded at around 5-7 tonnes. The price of crude palm oil CPO Kandla was Rs. When the CPO price in the futures market was Rs 5, the lowest was Rs.

While the futures prices soared, the lowest price remained at Rs 5 in the evening. In the market present in Mumbai, the price of soybean was Rs. 6 per liter while the refinery was Rs. Sunflower prices fell by Rs 5 to Rs 5 and Riffa at Rs 5 to Rs 5.

Mustard prices were Rs 1 while Copperl was at Rs. Singtel prices were at Rs 5 per kg while Rajkot side was priced at Rs 5 and Rs 5 per kg while there was news of Cotton washed down by Rs 3 to Rs 5 more. While the price of cottonseed in the Mumbai market was Rs.

Meanwhile, in the Mumbai market today, the price of dewel has been declining with the headline declining. The prices of castor in Mumbai also remained calm at the closing price of Rs. In the Mumbai open market today, prices were hitting narrow fluctuations.

Meanwhile, soybean arrivals today at the All India level were around 1 lakh 3 thousand times the Madhya Pradesh and around 3 to 5 thousand times, and prices remained at Rs 1 to 3. While there, soybean prices were between Rs 5 and Rs 5 and Riffa was at Rs 5 to Rs 5.

Groundnut arrivals this morning were recorded at around 3 thousand times on the Godal side and Rajkot side at around 3 thousand times and the present prices of groundnut were 5 to 5 kg of jute.

Farmers are outraged by the export tax in Argentina. There was news of a huge soybean crush going bankrupt. In the futures market, castor prices remained soft at Rs 5 th in the evening. While futures prices of Mustard were down by 1 to 5 against the soybean futures prices remained at Rs 1 to 3 minus. The soybean and soybean futures plummeted in the Chicago Projection this evening.


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