Boom in cottonseed and mustard in domestic edible oils

-

(By commerce representative), Mumbai, Ta. 20 October 2020, Tuesday

The Mumbai oil and grease market witnessed mixed weather today on imported edible oils, while domestic edible oils saw a lull in prices, while mustard and cottonseed oil saw gains. World market news was showing a new upswing in palm oil and soyoil.

Meanwhile, about 500-700 tonnes of refinery direct delivery for November delivery was traded at Rs 5 per 10 kg of imported palm oil in the Mumbai market today, market sources said. Meanwhile, palm oil futures in Malaysia rose 3 points in global trade today, with palm product prices hovering between 8 and ૧૦ 10.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quiet at Rs 1,20 today, while cottonseed oil was quoted at Rs 7, while mustard rose by Rs 1,050. Meanwhile, the supply of NAFED in mustard has declined, especially in the futures market, where prices have reached new highs, analysts said.

Producers, meanwhile, today quoted cotton washed prices at Rs 200 to Rs 305, while cingulum oil prices were reported to be hovering between Rs 1,200 and 15 kg at Rs 2,050 to Rs 4,050.

Meanwhile, in the Mumbai spot market, palm oil was up by Rs 30 today, while crude palm oil (CPO) Kandla was up by Rs 4, while CPO's October futures were up by Rs 2.50 to Rs 2.50 this evening. Soyoil's November futures rose by Rs 2.50 to Rs 4, according to futures market sources.

Meanwhile, in the Mumbai spot market, soyoil prices rose to Rs 305 for digam and Rs 30 for refined, while sunflower prices fell to Rs 1,100 and refined to Rs 1,150.

Meanwhile, castor oil prices fell by Rs 2 in the spot market today, while spot castor prices fell by Rs 15, while soymeal prices rose by about Rs 200 per 1 tonne in the Mumbai flour market today, while castor meal prices declined marginally. The others in front were quiet.

In Malaysia, meanwhile, palm oil exports rose and stocks and production conditions remained weak, leading to higher prices, analysts said. At home, soybean revenue in Madhya Pradesh today was about 2,4,000 times and All India revenue was about 450,000 times.

Meanwhile, soybean futures and soymeal futures were up 3 points and 5 points higher in the US agricultural markets overnight, while soyoil futures were down 3 points overnight.

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