As Diwali approaches, boil in cingulum oil and cottonseed oil

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(By commerce representative), Mumbai, Ta. 11 November 2020, Wednesday

Peanut oil and cottonseed oil rose in Mumbai oil and cottonseed oil market today. Peanut oil rose by Rs 10 to Rs 210/50 in Ahmedabad oilseed market while cottonseed oil rose by Rs 1,200/150. Imported palm oil, soybean oil and But the world market was showing a new upswing. Meanwhile, hawala resells in palm oil traded at around 150-150 tonnes in the Mumbai spot market today, while refineries' direct deliveries traded at around Rs 200-50 for all-November deliveries, market sources said.

Meanwhile, palm oil futures in Malaysia rose 3 points in global trade today, while palm product prices were also quoted higher at 8.30 to 12.50. In Malaysia, palm oil stocks fell to a three-year low and production there also declined, with palm oil prices rising more than 3 per cent to a new five-year high today.

The last time such prices were seen was in May 2016, according to world market experts. Meanwhile, in the first 10 days of November in Malaysia, palm oil production was reported to have declined by about 11 to 15 per cent. News of the US agricultural markets was also showing a new boom.

Meanwhile, in the Mumbai spot market, the price of cingulum oil was quoted at Rs 1,20 per 10 kg and cottonseed oil at Rs 1,010 per 10 kg. There was news of Rs 2,150 to Rs 2,150 being spoken.

Meanwhile, palm oil prices rose by Rs 30 and crude palm oil (CPO) Kandla by Rs 5 in the Mumbai market today, while in the futures market, CPO November rose by Rs 10 this evening to Rs 8 and soyoil November by Rs 19.10. Futures market sources said that the price is rising by Rs 1,031.50.

Meanwhile, in the Mumbai spot market, soyoil prices rose from Rs 30 to Rs 5 for digam and Rs 1,010 for refined, while sunflower prices rose to Rs 1,150 and refined to Rs 1,150. In Madhya Pradesh today, soybean revenue was recorded at around 1,50,000 times and there were indications that the price would be between Rs 2,100 and Rs 2,500.

Meanwhile, castor and castor prices in the Mumbai spot market saw a slow recovery today, while prices of 1 tonne of cottonseed meal, sunflower meal and soymeal meal rose by Rs 200 to Rs 200 in the Mumbai flour market today, while castor meal prices were quoted at Rs 20 lower. While others were quiet.

News of China's agricultural markets also showed signs of recovery. Meanwhile, soybean futures rose 4 points in US overnight trade today, while soyoil futures rose 4 points and soymeal futures rose 106 points, while cotton futures fell 19 points and remained in the projection range this evening.

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