Decline in domestic edible oils as imported edible oils break down rapidly

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(By commerce representative), Mumbai, Ta. 23 September 2020, Wednesday

In the Mumbai Oilseeds market, prices of various imported edible oils declined today, while prices of domestic edible oils like Singtel and Cottonseed Oil also fell below the manufacturing level, market sources said.

World market news was also showing a new price decline. Falling prices in the Mumbai market today sparked new demand. Due to heavy rains, the presence of traders in the Mumbai market today was negligible. In Malaysia, meanwhile, palm oil futures fell another 20 to 30 points today, with prices of palm products falling by another à«« 15 to ડો 20.

Palm oil production in Malaysia and Indonesia is expected to rise by 15 to 20 per cent in September, analysts said.

Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil fell by Rs 1,50, cottonseed oil by Rs 5, palm oil by Rs 20, soyoil digam by Rs 20, refined by Rs 30, sunflower by Rs 1,410 and refined by Rs. , 50 and Rs. 1,050 for mustard.

Crude palm oil (CPO) Kandla was quoted at Rs 6, while CPO September futures were quoted at Rs 12.50 a barrel at Rs 6.30 this evening, while soyoil's October futures fell by Rs 10.50 to Rs. Futures market sources said that it was 8.30.

Producers, meanwhile, quoted cingulum oil prices as low as Rs 1,2 to Rs 1,50 and 15 kg as against Rs 1,50 to Rs 1,20 per kg, while cotton washed prices were reported to be down to Rs 5 to Rs 20. In Madhya Pradesh, meanwhile, soybean revenue was nearly 50,000 times higher today, with prices of new goods hovering between Rs 2,100 and Rs 3,500 per kg.

Meanwhile, soybean futures and soyoil futures fell by 3 points and 30 points, respectively, in overnight trade in US agricultural markets. Were.

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