Cottonseed rose again behind the oil stations

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(By commerce representative), Mumbai, Ta. Wednesday, October 21, 2020

In the Mumbai Oilseeds market, cottonseed oil prices rose again today in the domestic edible oils behind the manufacturing plants, while peanut oil and mustard prices were on the rise, while imported edible oils saw palm oil, soyoil oil and sunflower oil prices as well as global markets. Sources said.

Meanwhile, in the Mumbai spot market today, hawala resell in palm oil traded at around Rs 100 per tonne at Rs 5 to Rs 20 per kg, while refineries had direct trade in wings. In Malaysia, meanwhile, palm oil futures were up 3 points today, while palm product prices, however, remained in the minus 2.50.

In the first 30 days of October in Malaysia, palm oil production was projected to decline by about 10 to 11 per cent, while exports of palm oil from Malaysia to India increased by about 12 to 15 per cent during the period, according to world market analysts. News of the US agricultural markets also showed signs of recovery.

Meanwhile, in the Mumbai spot market, cottonseed oil rose by Rs 50 per 10 kg today, while cingulum oil was quiet at Rs 1,20 and mustard at Rs 1,050. Meanwhile, manufacturing companies today quoted Rs 710 to Rs 715 for a rise in cotton washed.

While the price of cingulum oil was quiet at Rs 1,200 and 15 kg at Rs 3,050 to Rs 4,060. Meanwhile, in the Mumbai spot market, palm oil was trading at Rs 8 today, while soyoil was quoted at Rs 515 for digam and Rs 30 for refined.

Sunflower oil rose again to Rs 1,110 and refined prices were quoted at Rs 1,150. Meanwhile, crude palm oil (CPO) Kandla was quoted at Rs 6 to Rs 6, while CPO's October futures rose to Rs 500 and traded at Rs 4.50 this evening, up from Rs 4.50 plus. . On the other hand, soyoil's November futures rose by Rs 4.50 to Rs 4.50 in the evening, sources in the futures market said.

Meanwhile, castor oil prices rose by Rs 3 per 10 kg in the Mumbai spot market today, while spot castor prices were quoted higher at Rs 20 per quintal, while the November castor futures rose by Rs 3 to Rs 4.5 in the evening.


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