Singtel boom: Rs. A surge of 50

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(By commerce representative), Ahmedabad, Mumbai, Ta. 23 October 2020, Friday

Cingulum oil prices rose sharply in the country's oilseeds market today, citing festive conditions behind the manufacturing facilities. At Ahmedabad Oilseed Bazaar today, old cingulum oil and label tins cost Rs. There was a huge jump of 30. While cottonseed oil and palm oil cost Rs. 10 were increased. Late this evening at Ahmedabad Oilseed Bazaar, a single old box cost Rs. 50 and label tin Rs. 70/80 were spoken. In the Mumbai oilseeds market, groundnut oil prices jumped to Rs 1,200 per 10 kg, while prices of other domestic edible oils like cottonseed oil and mustard oil also saw a new rise, market sources said.

Meanwhile, in the Mumbai spot market, the price of cingulum oil rose from Rs 1,200 to Rs 1,50 per 10 kg today, while the price of cingulum oil rose by Rs 1,2 to Rs 1,400 per 10 kg and the price of 15 kg rose to Rs 4,150 per 10 kg. There was news that Rs. Experts said demand from local and exporters of groundnut as well as groundnut has recently increased.

Meanwhile, in the Mumbai market, cottonseed oil rose by Rs 5 per 10 kg and mustard by Rs 1,100.

Meanwhile, prices of imported edible oils were also higher today, however, new demand for palm oil slowed down today and trades were scattered. Meanwhile, palm oil futures in Malaysia rose 3 points today, while palm product prices were quoted as high as 2.50.

In Malaysia, production is declining for a variety of reasons, export demand is maintained there and palm oil stocks are expected to fall below 1.2 million tonnes by the end of October, world market experts said today.

Meanwhile, imported palm oil was up by Rs 5 in the Mumbai spot market today, while crude palm oil (CPO) Kandla was quoted at Rs 205, against a slower recovery in the futures market this evening. Futures market sources said that Rs 4.50 is being quoted. Meanwhile, in the Mumbai spot market, soyoil prices were quoted at Rs 70 for digam and Rs 3 for refined, while sunflower prices rose to Rs 1,150 and refined to Rs 1,150.

Meanwhile, castor and castor prices in the Mumbai spot market saw a slow decline today, while castor November futures rose by Rs 4 to Rs 4.5 in the evening.

Meanwhile, in the Mumbai flour market, the price of 1 tonne of sunflower flour rose by Rs 200 and soymeal flour by Rs 200 today, while other flours remained quiet. Meanwhile, soybean revenue in Madhya Pradesh today was about 750,000 times, with prices hovering between Rs 2,500 and Rs 2,500.

Meanwhile, soybean futures were up 19 points, soymeal futures were up 3 points, soyoil futures were up 3 points and cotton futures were up 20 points in the US overnight trade.


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