Advances in peanut oil and cottonseed oil

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(By commerce representative), Mumbai, Ta. 18 July 2020, Saturday

In the Mumbai oilseeds market, cingulum oil and cottonseed oil were on the rise today, while various imported edible oils, including palm oil, were fluctuating narrowly, market sources said. However, world market news was encouraging and experts were predicting higher palm oil prices in the coming weeks.

Meanwhile, the total cultivation of various oilseeds in the country has increased to 1.8 million hectares so far this year, from 110 lakh hectares in the same period last year, experts said.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil rose by Rs 1,20 today, while at manufacturing plants, the price of cottonseed was reported to be Rs 1,600 and Rs 705 to Rs 705.

In the Mumbai market, cottonseed oil prices were hovering between Rs 5 and Rs 7 today, while imported palm oil was hovering between Rs 210 and Rs 215. New works were slow. Crude palm oil (CPO) Kandla was trading at Rs 610. In the Mumbai market, soyoil prices were quoted at Rs 705 for digam and Rs 3 for refined, Rs 2 for sunflower and Rs 30 for refined and Rs 30 for mustard.

In the Mumbai spot market, castor and castor prices remained generally calm today, while in the Mumbai flour market, various flour prices were fluctuating narrowly today. Was showing.

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