Global soybean prices rise to two-year high

-

(By commerce representative), Mumbai, Ta. 19 September 2020, Saturday

The Mumbai Oilseeds market today witnessed mixed weather in various imported edible oils, while domestic edible oils like cingulate and cottonseed oil remained stagnant. In the Mumbai market, there was an overall new demand today and trades were scattered. However, world market news was showing a new uptrend and soybean prices were reported to have hit a two-year high as Chinese buying continued in the US soybean market.

Meanwhile, in the Mumbai spot market, the price of 10 kg of palm oil fell from Rs 200 to Rs 8 today, while crude palm oil (CPO) Kandla was quoted at Rs 715. Soyoil Digam, however, rose to Rs 710, while refined prices fell from Rs 3 to Rs 4.

Sunflower prices rose further by Rs 10 to Rs 20 to Rs 1,210 and refined by Rs 1,50. Mustard prices were quoted at Rs 1,050, while cingulum oil prices were quiet at Rs 1,200 per 10 kg and cottonseed oil at Rs 50. Producers, however, said that the price of washed cotton fell from Rs 5 to Rs 20 on the back of rising prices, while the price of cingulum oil rose to Rs 1,20 to Rs 1,20 and Rs 5,000 to Rs 7,010 per 15 kg. Were.

Meanwhile, soybean futures were up 120 points, soymeal futures were up 20 points and soyoil futures were up 3 points in the US overnight trade, while cotton futures were down 19 points. News of the US government's announcement of બર 15 billion in aid to farmers also had a positive effect on markets.

Meanwhile, castor oil prices rose by Rs 5 per 10 kg in the Mumbai spot market, while spot castor prices rose by Rs 10. In the Mumbai flour market, the price of 1 tonne of sunflower flour rose by Rs 200 today, while other flours were quiet.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more