Castor-Boil in Castor

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(Gujarat News Office), Mumbai, Ta. Thursday, January 28, 2021

The overall trend in the Mumbai oilseeds market continued today. New demand, however, was slow and all eyes were now on the budget to be unveiled on Monday. Meanwhile, The Butter, Butter Oil, Cheese, Cottage Cheese Vs. However, a demand has been made to the government to remove the current GST rates of 18 per cent. These items are good for the health of the people as they have nutritional value and due to this there is a demand to remove the tax on these items.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,610 and cottonseed oil at around Rs 105. The prices of cingulum oil ranged from Rs 15 to Rs 1,200 and Rs 610 per 15 kg. While the price of cotton washed was Rs.

The prices of cottonseed oil were Rs 1,050 to Rs 105 per quintal and the price of groundnut was Rs 30 to Rs 1,150 per quintal. In the world market, Malaysian markets were closed today, while in the US agricultural markets, soyoil prices were projected to be minus 20 to 3 points earlier in the day, while in the evening, prices were reported to be in the range of 40 to 5 points plus.

In overnight trade, soyoil prices rose by 61 points, while soybean prices were up 3 points and soymeal prices were up 1 point, while cotton prices were down 3 points. Meanwhile, according to Indonesian news, the Indonesian government has decided to increase the export tax on crude palm oil CPO from ૭૪ 3 a tonne to ૯૩ 6 a tonne in February.

In the Mumbai spot market today, the price of 10 kg of imported palm oil was Rs 1,050 while the price of refined soyoil was Rs 1,050. Sunflower was priced at Rs 120 and refined at Rs 150. There was news that support prices for copra had been raised. Mustard oil prices ranged from Rs 1,210 to Rs 120. Meanwhile, Mumbai spot castor oil prices rose by Rs 7 today while spot castor prices rose by Rs 3.

In the futures market, castor February futures rose by Rs 5 to Rs 510 this evening. Soybean's February futures were up by Rs 52 to Rs 5 and Mustard's February futures were up by Rs 151 to Rs 4. Meanwhile, the February futures of crude palm oil CPO rose by Rs 4.10 to Rs 20 this evening. The bullish circuit in CPO futures took effect late Wednesday evening.

Meanwhile, soyoil's February futures rose by Rs 19.50 to Rs 105.50 this evening. In the US agricultural markets, soyoil prices were projected to rise by 20 to 30 points late in the projection this evening. Meanwhile, soymeal prices rose by Rs 200 to Rs 300 per tonne in the Mumbai flour market today. While the price of groundnut fell by Rs 300 to Rs 500. Others, however, remained silent.

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