Peanut oil and cottonseed oil broke: Sunflower boom

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(Gujarat News Office) MUMBAI: Cingulum oil prices in the Mumbai oilseeds market softened today behind the scenes. Cottonseed oil prices were also on the rise. Among imported edible oils, palm oil and soyoil prices declined today. Against sunflower oil prices were rising. World market news showed a softening in edible oils. Prices were also seen under pressure in various futures today behind the domestic spot market. New demand was also very low in the Hajdar market today.

In the Mumbai spot market, the price of 10 kg of cingulum oil fell from Rs 1,215 to Rs 150 today, while the price of cottonseed oil fell further by Rs 150 to Rs 150. Mustard prices, however, remained calm at Rs 150 and refined at Rs 150.

Meanwhile, manufacturing companies today saw a further fall of Rs 150 to Rs 12 to Rs 150 to Rs 12 per kg of washed cotton, while prices of cingulum oil were reported to be between Rs 15 to Rs 1,200 and Rs 200 to Rs 50 per 15 kg amid a slow decline.

Meanwhile, in the Mumbai spot market today, the price of imported palm oil was Rs 115 per 10 kg, while the price of crude palm oil CPO Kandla was Rs 105 per 10 kg. In the futures market, CPO's June futures were trading at Rs 1,061 and July futures were trading at Rs 1,081, while July soybean oil futures were trading at Rs 121, down Rs 15 to Rs 12 this evening.

The spot price of Mumbai castor oil today fell by Rs 3 to Rs 105 to Rs 108 per kg. While the price of castor present in Mumbai was Rs. In the castor futures market, the July futures price was down by Rs 15 to Rs 5,100 this evening. Meanwhile, soyoil prices fell further by Rs 200 to Rs 300 per tonne in the Mumbai flour market today, while prices of other flours were fluctuating narrowly.

At home, soybean revenue today was 1 lakh 40 thousand times at the All India level, out of which in Madhya Pradesh, the revenue was about 30 thousand times and there was news that the present price of Rs 500 to 2100 plan delivery at the centers was Rs 200 to 300. At Kandla, soyoil was quoted at Rs 150 in July, while palmolin was quoted at Rs 1,112 from July 15 to 21. Palm oil and soyoil prices were reported to be soft in China today.

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