Prices fall again behind manufacturing stations amid a slump in the rise in cingulum oil

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(Gujarat News Office) Mumbai, Ta. 13 February 2021, Saturday

New demand was seen in the Mumbai oilseeds market today. Trades were slow. World market news, however, showed strength. In the Mumbai spot market today, the price of 10 kg of cingulum oil was trading at Rs. The price of cingulum oil at Rs 30-40 was reduced to Rs 70-80 today by the manufacturing companies.

The price was 15 kg while the price of 10 kg loose was Rs. There, the prices of cotton washed ranged from Rs 1,050 to Rs 105, though Rs 105 to Rs 1,050. Peanut prices were Rs 70 to Rs 150 per quintal today.

Cottonseed oil prices remained quiet at Rs 1,150 in the Mumbai market today. The price of mustard was quoted at Rs. Imported palm oil was priced at Rs 1,100 and crude palm oil CPO Kandla was priced at Rs 1,013. Soyoil prices were at Rs 1,150 for digam and Rs 1,150 for ref. The price of sunflower was Rs.150 and Rs.150 for ref.

Coparel was priced at Rs 12 per 10 kg. Mumbai spot castor prices were fluctuating narrowly today. In the Mumbai market, the price of palm oil is likely to hover between a low of Rs 105 and a high of Rs 1,110.

Meanwhile, cottonseed meal prices remained soft at Rs 200-300 per tonne in the Mumbai flour market today, while sunflower prices rose by Rs 300-300 per kg. The others, however, were quiet

Meanwhile, traders in Mumbai-Maharashtra have been outraged by the recent harassment of traders by government officials. In such an environment, many traders have reduced their trades and also reduced the stock of goods in warehouses.

In such a situation, some sections of the market were expressing fears of a shortage of goods in the market. Even so, compared to the current import cost, the prices in the domestic spot market are inverted. Imports have been slow in the market due to disparity.

Meanwhile, soybean revenue in Madhya Pradesh was around 3,000 to 5,000 times and All India revenue was around 1 lakh times today.

Prices for various deliveries at Navi Mumbai port ranged from Rs 1,310 to Rs 120 for sunflower and Rs 1,150 for soyoil, while at Chennai, prices of sunflower ranged from Rs 1,310 to Rs 120. In the US agricultural markets, soybean prices rose by 3 points in overnight trade, while soyoil prices rose by 21 points and cotton by 3 points, while soymeal prices remained soft by 12 points. There were declining soybean futures cutting bearish sales.

Meanwhile, global soybean production in Brazil was projected to increase by about 4 to 5 per cent, according to global experts. According to Argentine news, the country's central bank has tightened some currency rules, signaling new challenges for exporters.


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