Pateel landed within Rs800: Imports from Indonesia now begin

Mumbai, Ta. 15 February 2020, Saturday

The decline in the prices of various imported edible oils in the Mumbai oil market today led by Palmetal. There was a new demand. Pamtel prices were going down to Rs 5 / kg. According to the latest news from Delhi, the government has issued licenses to resume import of Palmetal from Indonesia after the recent resumption of import of palmetal from Nepal in India.

Thus, domestic importers were now showing the possibility of import of refined palm oil. Meanwhile, US-Chicago soybean futures overnight in the world market were soft at 5 to 5 points while soybean futures remained at 5 to 5 points minus. Against soybean futures there were reports of a fall of 5 to 5 points at night.

New York Cotton Futures Overnight was 5 to 5 points soft. In America, while the US remained soft, forecasters in Malaysia predicted a soft opening on Monday. The Mumbai market was soft today. New demand was slow. In the Mumbai market, there was a price of Rs 5 per liter of hawala resale and Rs 6 with JNPT.

The price of crude palm oil CPO Kandla was Rs. CPO futures prices closed at Rs 5 on the weekends, while soybean futures were last reported at Rs 5. The reduction in tariff value, which was considered by the government as a benchmark for the import of various imported oils, and the reduction in the effective import duty of imported oils were also reflected in the market price.

However, as discussed in the market today, there were also directives for oil coming from Nepal on the radar of the Customs Department. In the Mumbai market today, soybean prices were Rs. 6 for digam and Rs. 1 for refined. Sunflower prices were at Rs 1 and refined at Rs 5. Mustard prices were at Rs 1, copper by Rs 5, ryda oil by Rs 5 and refined by Rs.

Singtel was priced at Rs 5 while Rajkot was priced at Rs 5 and Rs 5 per kg for Rs 5. There, the price of cotton washed from Rs. In the Mumbai market, the price of kapasia oil was Rs.

Meanwhile, in the Mumbai market today, the price of dewel has risen by Rs 5 per kg while the present price of Mumbai castor remained at Rs. In the Mumbai khol market today, the price of kapasia khola was Rs 5 per tonne while the soya khol was Rs 3 to Rs 3.

The other laps were quiet though. At Madhya Pradesh today, soybean arrivals were around 3,000 times and prices were at Rs 5 to Rs 5, while there was news of soybean prices being at Rs 3 to 3 and refining at Rs 3 to 3. Soybean all-India arrivals today were 5,000 times a lakh.

Meanwhile, according to the ITS, the total exports of palm oil from Malaysia fell by about 5 to 6 percent in the five days of February. On the Gondal side, the arrivals of groundnut were recorded at 8 thousand times in the morning and 3 thousand times in Rajkot and the present prices of groundnut were Rs.