Peanut oil, cottonseed oil, imported edible oils broke down quickly

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(Gujarat News Office), Mumbai, Ta. 21 December 2020, Monday

In the Mumbai oilseeds market, cingulum and cottonseed oil prices rose further today on the back of manufacturing, while prices of various imported edible oils were spotted behind the global market as well as softer in the futures market, market sources said. New demand in the Mumbai spot market was slow and hawala resell in imported palm oil traded at around Rs 1,008 to Rs 1,010 per 10 kg in 2010.

Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil was quoted at Rs 1,200 and cottonseed oil at Rs 1,050, while the prices of cingulum oil were quoted at Rs 1,2,15 per kg, Rs 1,150 to Rs 4,150 per 10 kg. There was news of cotton washed from Rs 1,010 to Rs 1,013.

In the Mumbai market, imported palm oil was trading at Rs 1,008 and crude palm oil (CPO) Kandla was trading at Rs 6, while CPO futures fell by Rs 19.50 to Rs 4 and soyoil futures by Rs 12.50 this evening. Futures market sources said that Rs 1,105 is being quoted.

Meanwhile, in the Mumbai market, soyoil was quoted at Rs 1,060 for digam and Rs 1,08 for refined, while sunflower was quoted at Rs 1,20 and refined at Rs 1,2 and mustard at Rs 1,150. Mumbai spot castor oil prices fell by Rs 4 today, while spot castor prices remained soft at Rs 15.

In the castor futures market, the December price fell by Rs 5 to Rs 4,605 ​​this evening. Soybean revenue in Madhya Pradesh today was about 1,4,000 times and All India revenue was about 450,000 times. Peanut prices were reported to be between Rs 200 and Rs 1,150 per quintal. Meanwhile, soyoil futures fell 30 to 31 points in US agricultural markets this evening.


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