Imported edible oils present behind the world market and retreat in futures

(By commerce representative), Mumbai, Ta. 29 September 2020, Tuesday

Prices of various domestic edible oils remained steady in the Mumbai Oilseeds market today, while the prices of imported edible oils were spot on and the futures market was sluggish behind the world market. Overall the market had new demand wings and trades were scattered. In Malaysia, meanwhile, palm oil futures fell 3 points today, as palm oil prices fell by ૧૦ 10. In Malaysia's Sabah district, where palm oil production is predominant, there have been indications that production has resumed in the district as corona controls eased. News from the US agricultural markets was also showing a decline in prices.

Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs 1,20, cottonseed oil is Rs 3, palm oil is Rs 4, soyoil digam is Rs 4 and refined is Rs 610 to Rs 715, mustard is Rs 1,050 and sunflower is Rs 1,050. 1,150 and Rs. 1,150 of refined.

Meanwhile, crude palm oil (CPO) Kandla was trading at Rs 6, while CPO's October futures fell by Rs 1.50 to Rs 20 this evening and soyoil's October futures fell by Rs 2 to Rs 205, according to futures market sources. Meanwhile, the prices of cotton washed were Rs 615 to Rs 70 per kg, while the price of cingulum oil was Rs 1,50 to Rs 1,50 and the price of 15 kg was Rs 1,50 to Rs 1,50. Were met.

Meanwhile, castor oil prices in the Mumbai spot market fell by Rs 3 to Rs 4 to Rs 5, while spot castor prices fell by Rs 10 to Rs 2,50. Meanwhile, export inquiries were slow. In the Mumbai flour market, the price of 1 tonne of cottonseed meal fell by Rs 200 and soymeal by Rs 200 today, while other flours were quiet.

Meanwhile, soybean futures and soymeal futures fell 4 points and 5 points, respectively, in the US agricultural markets overnight trade, while soyoil futures were up 5 points overnight. Experts were pointing to the possibility of increasing soybean cultivation and crop supply in the US.