Castor and castor market retreat

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(Gujarat News Office), Mumbai, Ta. 18 January 2021, Monday

In the Mumbai oilseeds market, prices of various domestic and imported edible oils continued to soften today. New demand was slow. World market news, however, showed signs of improvement. The weather was dull at home manufacturing plants. In the Mumbai spot market, about 50 to 100 tonnes of imported palm oil was traded at Rs 105 to Rs 1,050 per 10 kg in hawala-resale ready delivery today.

Meanwhile, palm oil futures in Malaysia today rose by 3 to 4 points again after digesting the shock. In addition, there was news of a rise in the price of palm products from ૭ 2.50 to ૧૦ 10 today. In Malaysia, the total production of palm oil in the first 15 days of January fell by about 3 to 4 per cent. The epicenter was reported below the Pacific Ocean floor, however; no tsunami alert was issued. The epicenter was reported below the Pacific Ocean floor, however; no tsunami alert was issued.

Meanwhile, news of agricultural markets in the US was absent as markets closed in the wake of today's public market. In the Mumbai spot market today, the price of 10 kg of cingulum oil was Rs 1,210 and the price of cottonseed oil was Rs 103, while the price of mustard was hitting Rs 150.

Manufacturers were quoted at Rs 103 to Rs 105 for cotton washed today, while cingulum oil was quoted at Rs 150 to Rs 150 and Rs 2120 to Rs 2140 for 15 kg. In the Mumbai spot market today, the price of 10 kg of imported palm oil was quoted at Rs 105 to 105. While crude palm oil CPO Kandla was down by Rs.

Soyoil prices were quoted at Rs 1,050 to Rs 105 for Digam and Rs 1,109 for refined. Meanwhile, CPO prices fell by Rs 2.50 to Rs 31.50 this evening and soyoil futures by Rs 10 to Rs 1,109.50 this evening, sources in the futures market said.

Meanwhile, castor oil prices fell by Rs 5 per 10 kg in the Mumbai spot market today, while spot castor prices remained soft at Rs 5 per kg, while in the futures market, castor February prices fell by Rs 20 to Rs 20 per kg. In the Mumbai flour market, cottonseed meal prices fell by Rs 70 per tonne today while castor meal prices remained soft at Rs 150 per tonne. The others, however, were quiet.

Peanut prices were quoted at Rs 70 to Rs 1,150 per gram. Prices for various deliveries at Navi Mumbai port ranged from Rs 1,150 for imported soyoil and Rs 15 to Rs 150 for sunflower, while in Chennai the price of sunflower was Rs 150 to Rs 150. At Mundra-Hazira, various delivery prices were discussed at Rs 115 to Rs 1,150 for soyoil and Rs 150 to Rs 12 for sunflower.


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