Cottonseed oil declines again: Edible oil futures break

(Gujarat News Office), Mumbai, Ta. Thursday, December 17, 2020

In the Mumbai oilseeds market, cingulum oil prices remained calm today, while cottonseed oil prices were showing a slow decline behind the stations. Imported edible oils continued to hit the headlines. However, fresh demand for imported palm oil in the Mumbai spot market remained sluggish today, with barely 50 to 100 tonnes traded at Rs 2 to Rs 5 per 10 kg in hawala resell, market sources said. Meanwhile, palm oil futures in Malaysia rose 19 points today, while palm product prices fell by ડો 5.

According to reports from Ukraine, the government has indicated that it will reduce the value-added tax on sunflower seeds, rye and soybeans. As the labor strike continued in Argentina, there were indications that prices of various agricultural commodities were rising. According to world market experts, Indian importers have traded deals for importing 5,000 tonnes of sunflower oil from Ukraine for ડો 1,200 for December shipments.

According to a report from Delhi, the central government has reduced the dollar exchange rate for importers from Rs 2.50 to Rs 7.5 and this has led to a significant reduction in the effective import duty on various edible oils imported into the country, market sources said.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,20 and cottonseed oil at Rs 1,05 per kg, while the prices of cingulum oil were quoted at Rs 1,2 to Rs 1,20 per 10 kg and Rs 2,110 per 15 kg. There was news that the price of cotton was Rs 2,150 and that of cotton washed was Rs 1,000 to Rs 1,005.

In the Mumbai market, imported palm oil was quoted at Rs 4 and crude palm oil (CPO) Kandla at Rs 3, while in the futures market, CPO futures were trading at a high of Rs 2.50 today and Rs 7.30 in the evening, while soyoil futures were trading higher. Futures market sources said that the price was quoted at Rs 1,105.50 in the evening.

In the Mumbai market today, soybean oil was priced at Rs 1,050 and refined at Rs 1,050 to Rs 1,05, while mustard was priced at Rs 1,150, sunflower at Rs 1,210 and refined at Rs 1,250. Were. Soybean revenue in Madhya Pradesh today was about 450,000 times and All India revenue was about 450,000 times.

Growing prices of groundnuts ranged from Rs 200 to Rs 1,050 per quintal. In the Mumbai market today, castor oil prices fell by Rs 5, while spot castor oil prices fell by Rs 3, as against Mumbai flour market today, castor meal prices fell by Rs 20 and soymeal prices by Rs 200, while cottonseed oil prices fell by Rs 200 per tonne. Were shouting loudly, while others were quiet.

Meanwhile, soybean futures and soyoil futures were down 3 points and 12 points, respectively, in the US agricultural markets.