World Food Market: Various edible oil spills in the market

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Mumbai, Ta-02 Apr 2020, Thursday

Mumbai oil-oil market was officially closed today due to Ramnavami, but private deals saw a drop in prices. Against this new demand was low, world market news was also showing rapid softening. As a result of this, the imports of domestic imports were lower and the seller was more visible in the closed market today.

The futures markets were closed today too, but according to market sources, the intervals were sluggish. In the spot market in Mumbai today, prices of 5 kg were in private today. The prices of imported edible oils, such as soybean and sunflower oil, were also lower today on the backdrop of discouraging news.

Meanwhile, in the world market, Palmet's futures on Malaysia, which fell by 6 points on Wednesday, fell further by 5 points today. While soybean futures were down 15 points in the overnight trading in the Chicago market here in the US, soybean futures were down by 5 points. And soybean futures were down 6 to 6 points, it was reported.

Cotton's futures overnight fell 5 points in the New York market. Apart from corona virus Europe, now in the US, the global oil-oil market is under pressure amid new demand settlements in the global market.

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