Cottonseed oil booms behind manufacturing

-

(Gujarat News Office) MUMBAI: Cottonseed oil prices rose again today in the Mumbai oilseeds market behind the manufacturing plants. While Singtel and Mustard Rayda oil prices were calm. Imported palm oil and soyoil prices were high. While the price of sunflower was hitting.

In the Mumbai market, new demand was slowing down today in the wake of Bank Holiday and imported palm oil was traded at hawala resell at Rs 1,310 per 10 kg and barely 80 to 100 tonnes at Rs 1,612 per kg. The spot price of cingulum oil was Rs 120 per 10 kg and mustard was Rs 150 while cottonseed oil was up by Rs 15 today. Producers were raising the price of cotton washed at Rs 1,200 to Rs 1,200 to Rs 1,305 per kg, while the price of cingulum oil was Rs 15 to Rs 150 and Rs 15 to Rs 30 per 15 kg.

In the Mumbai market, palm oil was priced at Rs 1,415 and crude palm oil CPO Kandla was priced at Rs 115. The second session opened in the evening after the first session closed in the futures market today. In the evening, CPO futures were quoted at Rs 1,118 and soyoil futures at Rs 150. The futures were soft.

Meanwhile, palm oil futures prices in various deliveries were near 9 and 11 points plus in near-term futures, while distant futures were in the range of 4, 5 and 6 points, respectively, in the global market today. At that time, the prices of Ajelpam products were quoted at ૫ 5 to 20 higher.

In Malaysia, palm oil production was reported to have declined by about 3 to 4 per cent in the first 30 days of July due to corona infestation and labor shortage. Although total palm oil exports from there have declined by about seven per cent during the period, world market analysts were predicting a resurgence in palm oil exports as the Malaysian currency, the ringgit, plunged to an 11-month low today.

Meanwhile, soybean oil prices rose by 3 points in the US agricultural markets overnight, while soybean prices rose by 12 points and soymeal prices by 3 points. The dollar also rose 19 points. Meanwhile, the prices of various deliveries at Navi Mumbai port today ranged from Rs 150 to Rs 1,210 for soyoil and Rs 150 to Rs 1,310 for sunflower.

Meanwhile, in Mumbai today, soybean prices were Rs 150 for digam and Rs 1,200 for refined, while sunflower was priced at Rs 150 and refined for Rs 150. Coparel was priced at Rs 1,210 per 10 kg and rice bran at Rs 1,210. Meanwhile, exports of various coconut-coconut products from India were reported to have increased by about 30 per cent in the financial year 2020-21. Such exports have increased from Rs 15 crore to Rs 3 crore.

Castor oil prices in the Mumbai market today rose by Rs 5 to Rs 115 to Rs 115 per quintal. While the price of castor present in Mumbai increased by Rs. In the Mumbai flour market, prices of various major flours rose by Rs 1,000 to Rs 2,000 per tonne today. Today, the price of groundnut meal has gone up by Rs 300, sunflower meal by Rs 5,000 and soymeal meal by Rs 200. However, prices of cottonseed meal and castor meal were fluctuating today.

Prices for various deliveries at Mundra-Hazira ranged from Rs 1,615 to Rs 12 for imported palm oil, Rs 150 to Rs 1,205 for soyoil and Rs 1,200 to Rs 1,205 for sunflower. In the US agricultural market this evening, there was news that the price of soyoil was in the range of 5 to 6 points in the projection.


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