The tone of the boom in domestic and imported edible oils

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Mumbai, Ta. 22 February 2020, Saturday

The prices of various indigenous and imported edible oils were rising today in the Mumbai oil-seeds market. World market news was showing strength. Domestic producers have also been hit by a surge in prices as consumer prices have risen. Chicago soybean futures overnight in the United States jumped 5 to 5 points. Malaysian markets were reporting on Monday the possibility of higher opening on Monday.

In the spot market in Mumbai today, the price of 4 kg of paltal hawala resale was up by Rs. 7 while that of JNPT was Rs. Today, however, new demand was slow. Market trends were solid and the forecasters were showing the possibility of rising prices from Rs.

The pipeline is empty in Palmetto. There has been a shortage of goods present. The government recently issued licenses for the import of refined pallets. However, in view of the fact that some classes are also opposing the government, the informants were also showing the possibility of such imports falling further. Meanwhile, prices of crude palm oil CPO Kandla were up by Rs. CPO futures prices jumped to Rs 1.8 at the end of the week.

Meanwhile, Mumbai Singtel prices were hiked by Rs 5 a kg today, while Rajkot prices were hiked by Rs 5 to Rs 5 and Rs 5 per kg for 2 kg. Cotton washed up by Rs 5 to Rs 5 while in the market today, the price of cottonseed oil was up by Rs.

The prices of soyetail were Rs 6 and Rs 6 for refrigeration while sunflower prices were Rs 1 and refined Rs 3. Mustard prices were Rs 1 and Copperl was Rs. Deewal prices were soft at Rs 5 a kg today while the price of castor in Mumbai was Rs 5 with Rs 5. However, prices in the Mumbai open market continued to fluctuate.

Meanwhile, reports of declining oil exports from India to China were declining. Such a decrease has been reported in the first phase by about 1 to 3 percent. Exposure to deadly virus in China has affected exports.

Meanwhile, groundnut arrivals on the Gondal side today came to about 4,000 times and the present price was around Rs 5 to Rs 6 per kg.

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