Prices of various imported edible oils went up

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(By commerce representative), Mumbai, Ta. 26 September 2020, Saturday

In the Mumbai oilseeds market, palm oil and soyoil prices recovered from lower headlines today, while cottonseed oil prices remained subdued in domestic edible oils, while groundnut oil prices remained subdued. However, in the overall market today there was a new demand wing and trades were scattered. Meanwhile, world market news got encouraging.

In US agricultural markets, soybean futures were up 3 points in overnight trade, while soybean futures were up 3 points, soymeal futures were up 21 points and cotton futures were up 3 points.

Meanwhile, imported palm oil was quoted at Rs 5 per 10 kg in the Mumbai spot market today, while crude palm oil (CPO) Kandla was quoted at Rs 4. Palm oil prices are likely to hit between Rs 80 and Rs 70 next week, experts said today.

Meanwhile, in the Mumbai spot market, soyoil digam was quoted at Rs 8 and refined at Rs 415 to Rs 715, while sunflower prices remained quiet at Rs 1,150 and refined at Rs 1,150.

Mustard was quoted at Rs 1,050, while cottonseed oil was quoted at Rs 4, while cingulum oil was quoted at Rs 120.

Meanwhile, manufacturers today reported that the price of washed cotton was between Rs 715 and Rs 70, cingulum oil was between Rs 1,50 and Rs 1,20 and 15 kg was between Rs 1,50 and Rs 1,50. Meanwhile, castor and castor prices in the Mumbai spot market remained volatile today, while in the Mumbai flour market, the price of 1 tonne of Singkhol rose by Rs 200 today, as against the indications of a fall of Rs 30 per castor meal.

However, the others were quiet. Meanwhile, the Golden Week Festival will now be celebrated in China from October 1 to 2, and before that, experts were hoping that China's demand for edible oils in the world market would increase.

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