Sunflower oil slumps: Imported palm oil rises

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- Prices in the world market falling from 90 to 100 dollars ...

- Soybean and soyoil prices rose in the world market against the break of sunflower

MUMBAI: Sunflower oil prices plunged sharply in the Mumbai Oilseeds market today and the difference between the prices of soybean oil and sunflower oil has narrowed due to the collapse of sunflower, market sources said. Meanwhile, prices of imported palm oil and soyoil rose sharply today while various domestic edible oils were hitting narrow fluctuations.

Amid indications that the price of sunflower oil in the world market has fallen by 80 to વિશ્વ 100, there was a great panic in the home sunflower market today. In the Mumbai spot market, the price of 10 kg of sunflower oil was quoted at Rs 150 per kg, while the price of refined oil was quoted at Rs 120 per kg. While sunflower prices were falling in the world market, soyoil prices were on the rise. Soyoil prices rose 19 points in overnight trade in the US agricultural markets.

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