Shine again behind the establishments in Singtel

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(By commerce representative), Mumbai, Ta. 20 November 2020, Friday

In the Mumbai Oilseeds market, cingulum oil prices rose today behind the manufacturing plants, while cottonseed oil prices continued to rise. Meanwhile, imported palm oil and soyoil prices fell sharply, while sunflower prices continued to rise, market sources said.

Meanwhile, fresh demand in the Mumbai market was sluggish today and palm oil traded at barely 80 to 100 tonnes at hawala resell. Meanwhile, the Indian government had directed the importers to increase the dollar exchange rate from Rs 6.15 to Rs 2.50 and this has led to a modest increase in the effective import duty on various edible oils imported at home, market insiders said.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,200 today, while cottonseed oil was quiet at Rs 1,05. Meanwhile, producers were quoted at Rs 1,2 and Rs 1,150 to Rs 4,150 per 15 kg of cingulum oil, while cotton washed prices were quiet at Rs 1,013 to Rs 1,015.

In the Mumbai market, imported palm oil was down by Rs 1,005 today, while crude palm oil (CPO) Kandla was quoted at Rs 5, while CPO futures fell by Rs 2.50 to Rs 4.50 this evening. Soyoil futures rose by Rs 2.50 to Rs 1,05, according to futures market sources.

Meanwhile, soyoil prices fell in the Mumbai market today from Rs 1,05 to Rs 1,050 for digam and Rs 1,08 for refined, while mustard prices rose to Rs 1,20. Sunflower prices were quoted at Rs 1,210 and refined at Rs 1,50. Meanwhile, the spot price of castor oil in the Mumbai market today rose by Rs 10 to Rs 3 to Rs 4, while the present castor rose by Rs 20 to Rs 4.5.


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