Dull weather behind the manufacturing plants in Singtel

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(By commerce representative), Mumbai, Ta. 17 August 2020, Monday

The Mumbai oil and grease market witnessed mixed weather today amid rising prices of various domestic and imported edible oils. However, overall demand was slow and palm oil traded at barely 80 to 100 tonnes in hawala resale. While refineries' direct delivery trades were negligible.

Meanwhile, world market news was showing a rally. In Malaysia, palm oil futures rose by 41 points today, while soyoil futures in the US Chicago market were trading at 6 to 7 points plus this evening.

Meanwhile, in the Mumbai spot market today, palm oil prices were quoted at Rs 615 to Rs 712 per 10 kg, while crude palm oil (CPO) Kandla was quoted at Rs 8 to Rs 20 per 10 kg. In the futures market, CPO's August futures rose by about Rs 2.50 to Rs 5 this evening, while soyoil's September futures rose by Rs 1.50 to Rs 20, while soyseed futures rose by Rs 15 to Rs 4.50 in the evening. Was.

In the Mumbai spot market, soyoil digam was priced at Rs 5 and refined at Rs 20 to Rs 3, while sunflower was priced at Rs 4 and refined at Rs 20 to Rs 3. Mustard was priced at Rs 1,05. The present price of castor oil was Rs. 61 to Rs. 61 and the present price of castor was Rs.

Meanwhile, in the Mumbai market today, the price of cingulum oil was Rs 1,20 and cottonseed oil was Rs 4, while the manufacturing plants quoted cingulum oil at Rs 1,150 to Rs 1,200, 15 kg to Rs 1,200 to Rs 1,410 and There were reports of cotton washed at Rs 20 to Rs 5. Soybean imports to China have increased by about 15 per cent in the last six months, according to world market analysts.

In Malaysia, palm oil production fell by about 1.17 per cent in 15 days, while total palm oil exports fell by about 15 per cent during the period. However, palm oil futures were raised today on lower headlines. Meanwhile, at the Navi Mumbai port, the price of sunflower was quoted at Rs 20 to Rs 3 and that of soyoil digam at Rs 30 to Rs 4.


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