Prices of various domestic and imported edible oils went up

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(By commerce representative), Mumbai, Ta. Wednesday 22 July 2020

Prices of various imported edible oils rose again today on the back of rising palm oil in the Mumbai Oilseeds market, while prices of cingulum oil and cottonseed oil also rose behind the manufacturing plants. In the global market, palm oil futures in Malaysia rose 19 points, while palm product prices fell by ૨ 2.50 to ૫ 2.50. Total palm oil exports from Malaysia fell by about 10 to 11 per cent in 30 days, SGS sources said.

Meanwhile, palm oil prices rose by Rs 20 per 10 kg in the Mumbai spot market today, while crude palm oil (CPO) Kandla was quoted at Rs 3. In the futures market, the CPO's July futures rose by about Rs 10 to Rs 4.30 in the evening, while soyoil's August futures were hovering around Rs 41. In the Mumbai market, cingulum oil was trading at Rs 1,210 today amid a slow recovery, with manufacturers trading at Rs 1,2,15 per kg for Rs 2,050 to Rs 4,050 and cotton washed at Rs 415 to Rs 715. Were.

In the Mumbai market, cottonseed oil was up by Rs 5, while soyoil was quoted at Rs 205 for digam, Rs 3 to Rs 4 for refined, Rs 1,000 for mustard, Rs 200 for sunflower and Rs 3 for refined. In the Mumbai spot market today, castor oil prices fell by Rs 5 to Rs 20 to Rs 30, while spot castor prices fell by Rs 10 to Rs 2,150. In the Mumbai flour market, the price of 1 tonne of sunflower flour rose by Rs 200 today, while soymeal flour fell by Rs 200, market sources said. However, other flours survived.

In US agricultural markets, soybean futures fell 3 points in overnight trade, while soymeal futures were 30 points softer. On the other hand, there was news that the price of soyoil in the projection this evening was in the range of minus 12 to 15 points after the price of soyoil rose by 12 points. There was news of a significant rise in Rayda oil in China, while news of Argentina's exporters protesting China's policy of seeking a covid free guarantee came from world markets today.

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