Peanut oil and cottonseed oil prices fell sharply

-

(By commerce representative), Mumbai, Ta. Thursday, October 28, 2020

The Mumbai Oilseeds market witnessed a sharp fall in prices today amid rising turnaround behind Singtel and cottonseed oil production centers, while imported edible oils also fell behind the global market as well as in futures markets, market sources said. New demand also slowed in a declining market due to high prices and trades were scattered. Traders have also declined due to the end of the month and experts were expecting demand to pick up in the first week of November.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,200 today, while the price of cottonseed oil was quoted at Rs 30 per kg, against which the manufacturing units reduced the price of cingulum oil from Rs 1,200 to Rs 1,50 and 15 kg. 2,100 to Rs. 2,150 were quoted. There were indications that the prices of cotton washed were quoted at Rs 20 to Rs 5 by Gabdi centers and the prices of November delivery were quoted at Rs 3 to Rs 4.

Meanwhile, in the Mumbai spot market, imported palm oil was quoted at Rs 8 today, while CPO Kandla was quoted at Rs 20, as against CPO's November futures in the futures market this evening, which fell by Rs 2.50 to Rs 216.50, while soyoil November futures fell by Rs 2.50 to Rs 5, sources in the futures market said. Meanwhile, in the Mumbai spot market, soyoil was quoted at Rs 30 for refined and Rs 5 for digam, while mustard was quoted at Rs 1,150, sunflower at Rs 1,120 and refined at Rs 1,150.

Meanwhile, in the Mumbai spot market, castor oil prices rose by Rs 5 per 10 kg today, while spot castor prices rose by Rs 20 more, while castor November futures, however, fell by Rs 15 to Rs 4.5 in the evening. Meanwhile, prices of 1 tonne of cottonseed meal fell by Rs 200 and soymeal meal by Rs 200 in Mumbai flour market today, while castor meal prices also declined, while other flours remained calm. In Madhya Pradesh, meanwhile, soybean revenue was around 1,4,000 times higher today, with prices hovering between Rs 2,500 and Rs 2,500.

Meanwhile, there was a rumor in the market today that mustard would be resold by NAFED.


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