Prices of various imported edible oils soared behind the world market: New summer crop of groundnut is expected to be big

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(By representative), Mumbai, May 26, 2020, Tuesday

In the Mumbai oilseeds market, various domestic edible oils were quiet today, while prices of various imported edible oils, including palm oil, were trading higher behind the world market. Malaysia's palm oil markets were closed today, while soyoil futures prices in the US agricultural markets were projected to rise 20 to 5 points in the projection this evening. The strength of crude oil was having a positive effect on the prices of edible oils in the world market.

Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil has gone up by Rs 1,20, cottonseed oil by Rs 415, soybean oil digam by Rs 30 and refined by Rs 5, palm oil by Rs 415 to Rs 715, sunflower by Rs 20 and refined by Rs. 210, Rs. 500 of mustard was being bid. Crude palm oil (CPO) Kandla was up by Rs 5, while CPO futures were up by Rs 4.50 in the evening and soyoil futures by Rs 2.50, market sources said.

Meanwhile, castor oil prices in the Mumbai market today fell by Rs 5 to Rs 20 to Rs 30 per 10 kg, while spot castor prices fell by Rs 15 to Rs 20. New export inquiries were slow.

Meanwhile, in the Mumbai flour market today, the price of 1 tonne of groundnut fell by Rs 200 to Rs 2,500, cottonseed meal by Rs 500 to Rs 5,000 and sunflower meal by Rs 200 to Rs 30,500, while soymeal prices remained unchanged. Were. Meanwhile, the prices of cingulum oil were reported at Rs 1,20, 15 kg at Rs 2,150 and cotton washed at Rs 30 to Rs 4. Experts were counting on the arrival of a new summer crop of groundnut.

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