Soybeans surge in world markets as crushing data bullish in the US

-

(Gujarat News Office) Mumbai, Ta. 17 February 2021, Wednesday

Prices of various domestic and imported edible oils rose in the Mumbai Oilseeds market today. However new demand was slow. World market news was encouraging. Manufacturing establishments were also firm. In the Mumbai market today, scattered trades of imported palm oil at hawala-resale ranged from Rs 115 to Rs 115 per 10 kg in ready delivery.

Soyoil traded between 1,150 and 115 tonnes for February and March deliveries of about 500 to 700 tonnes. In the global market, palm oil futures rose in Malaysia today, closing at 4.5 and 6 points higher in various deliveries, while soybean prices were up 16 points, soymeal 12 points, soyoil 12 points and cotton 7 points higher in the US agricultural markets overnight trade.

Soybean prices were seen bouncing as soybean crushing figures came in bullish. Soybean oil prices rose another 20 to 5 points in the projection this evening, while soybean and soymeal prices were also in the projection this evening.

In the Mumbai spot market, the price of 10 kg of cingulum oil rose by Rs 150, cottonseed oil by Rs 115 to Rs 1,150 and mustard by Rs 150. While the manufacturing establishments today increased the price of cotton washed by Rs 1,100 to Rs 1,100 to Rs 1,105. Today, the price of cingulum oil was Rs 120 to Rs 150 and Rs 15 to Rs 60 per 15 kg. Domestic soybean income was about 1 lakh times in Madhya Pradesh and All India income was about two lakh times.

In Madhya Pradesh, there were reports of prices ranging from Rs 30 to Rs 40 and plant deliveries from Rs 2,000 to Rs 4,050. In the Mumbai spot market, the price of 10 kg of imported palm oil rose by Rs 1,150, while crude palm oil CPO futures rose by Rs 105.50 and soyoil futures by Rs 1,151.50.

In the Mumbai spot market, soyoil prices rose to Rs 1,110 for Digam and Rs 1,150 for Rifa. While the price of Sun Flower was increased to Rs. 150 and Rs. Coparel was priced at Rs 1,200 per 10 kg. Castor oil prices rose by Rs. While the price of present castor was raised by Rs. In the Mumbai flour market today, the price of a ton of soymeal was increasing by Rs 200 to Rs 500 and was quoted at Rs 30 to Rs 40. The price was close to Rs 30,000.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more