Peanut oil, cottonseed oil
(Gujarat News Office), Mumbai, Ta. 19 December 2020, Saturday
In the Mumbai oilseeds market, cingulum oil prices rose further today, while cottonseed oil prices continued to decline. Prices of imported edible oils remained strong. As per the instructions received from the Mumbai market, imported palm oil was traded at Rs 1,050 per 10 kg for delivery from January 10 to 20.
The spot price of palm oil also jumped to the level of Rs 1,000 today. However, there was fresh demand in the spot market today and palm oil traded at just 20 tonnes at hawala resell. Meanwhile, soybean futures rose another 12 points in overnight trade in US agricultural markets.
There were reports of disruptions to ports in Argentina following a labor strike. According to ITS sources, palm oil exports from Malaysia have increased by about 15 to 20 per cent so far in December.
Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil was quoted at Rs 1,50 and cottonseed oil at Rs 1,050, while the price of cingulum oil was quoted at Rs 1,50 to Rs 1,20 and 15 kg of cingulum oil at Rs 4,150 per 10 kg. .1,150 and cotton washed from Rs. 1,005 to Rs.
In the Mumbai market, imported palm oil was quoted at Rs 1,008 today, while crude palm oil (CPO) Kandla was trading at Rs 4. Soybean oil prices were quoted at Rs 1,050 to Rs 1,05 for digam and Rs 1,050 for refined, while mustard was priced at Rs 1,150, sunflower at Rs 1,20 and refined at Rs 1,20.
Mumbai spot castor and spot castor prices were calm, while prices of groundnut flour rose by Rs 200 per tonne and soymeal flour by Rs 500 in the Mumbai flour market today, while sunflower flour prices fell by Rs 200 to Rs 300 per kg, while other flours remained calm.
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