Edible oil prices rose in the world market

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- Edible oil prices rise in futures market, while soybean and castor futures face off

(By Commercial Representative), Mumbai, Ta. 30 July 2020, Thursday


In the Mumbai oilseeds market, cingulum oil prices rose again today on the back of stagnation. On the other hand, various imported edible oils, including palm oil, were also firm. Amid a shortage of palm oil in the Mumbai market, the spot price rose by Rs 5 per 10 kg and traded at Rs 100 to Rs 12 a tonne, while the August delivery was quoted at Rs 20 to Rs 5 and the September delivery at Rs 305. About 500 to 60 tonnes were traded for September delivery, sources said.

Meanwhile, edible oil prices rose in the world market today. In the Mumbai spot market, the price of 10 kg of cingulum oil rose by Rs 1,50, while at manufacturing plants, the price rose by Rs 1,20, 15 kg by Rs 1,20 to Rs 1,50 and cotton washed by Rs 415 to Rs 715. . In the Mumbai market, cottonseed oil was up by Rs 30, while soyoil was at Rs 310 for digam, Rs 3 for refined, Rs 203 for sunflower and Rs 20 for refined and Rs 1,05 for mustard. Crude Palm Oil (CPO) Kandla was up by Rs 5, while CPO's August futures were up by about Rs 5 to Rs 2.30 in the evening trade, while soyoil's August futures were up by Rs 2.50 to Rs 5 in the evening. Was.

Meanwhile, palm oil futures in Malaysia rose by 3 points today, while palm product prices rose by ૫ 5 to ૫ 2.50. Soyoil futures in the US Chicago market rose 10 points overnight in the projection this evening, prices were 10 points higher. Meanwhile, the spot price of castor oil in the Mumbai market today was Rs 60 to Rs 70 and the current castor price was Rs 3,100 amid a slow decline. In the futures market, castor August futures rose by Rs 5 to Rs 30 in the evening, while soybean August futures fell by Rs 20 to Rs. .2 was spoken.

In the Mumbai flour market, the price of 1 tonne of cottonseed meal went up by Rs 200 to Rs 3,500 today, while soymeal meal went up by another Rs 200 to Rs 3,50. However, the others were quiet. According to ITS sources, total palm oil exports from Malaysia increased by about 5 per cent in July. In US agricultural markets, soybean futures were down 3 points and soymeal futures were down 20 points, while cotton futures were up 3 points. Global experts were predicting a new soybean crop in the United States and Brazil.

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