Concerns in the edible oil sector due to delay in National Mission on Oil Seeds

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Import edible oils fall behind world market

(By commerce representative), Mumbai, Thursday

In the Mumbai oilseeds market, cingulum oil prices remained bullish today, while cottonseed oil saw a sharp decline. Meanwhile, prices of imported palm oil and soyoil were seen in the spot and futures markets today, market sources said. Meanwhile, new demand was seen in the Mumbai market today and trades were scattered.

Meanwhile, the National Mission on Oil Seeds had earlier decided to increase domestic production of oilseeds in the central government's Self-Reliant India Campaign, but its announcement and implementation are still being delayed, raising concerns and resentment in the edible oil sector, said Solvent Extractors. Said.

In Malaysia, meanwhile, palm oil futures were down 3 points today, while palm oil prices in the Mumbai market fell to Rs 30 per 10 kg, while crude palm oil (CPO) Kandla was down by Rs 205, while CPO futures were quoted at Rs 205 this evening. October futures were down by Rs 15 to Rs 5, while soyoil's November futures were down by Rs 10 to Rs 3.50, sources in the futures market said.

Meanwhile, cingulum oil prices in the Mumbai spot market were quiet at Rs 1,200 today, while cottonseed oil prices fell to Rs 70. Producers, meanwhile, were quoted at Rs 5 to Rs 20 for washed cotton today, while cingulum oil was trading at Rs 1,200 to Rs 1,3 and 15 kg for Rs 2,050 to Rs 4,050.

In the Mumbai market, meanwhile, soyoil prices were quoted at Rs 500 for digam and Rs 313 for refined, while sunflower prices were quoted at Rs 1,150, refined at Rs 1,120 and mustard at Rs 1,060.

Meanwhile, castor and spot castor prices in Mumbai improved slightly today, while castor futures traded higher by Rs 5 to Rs 6 this evening. Meanwhile, prices of 1 tonne of groundnut flour rose by Rs 1,200, soymeal flour by Rs 1,000 and sunflower flour by Rs 500 in the Mumbai flour market today, while other flours remained quiet.

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