Soybean bouncing futures became a bullish circuit

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(Gujarat News Office) MUMBAI: Cingulum oil prices in the Mumbai oilseeds market today saw a downward trend behind the stations. Cottonseed oil prices rose again. The prices of imported edible oils were also rising. Imported palm oil traded at around 400-500 tonnes today for increased delivery in July and August. Soybean futures rebounded today to a four per cent in the first phase and then a six per cent bullish circuit.

Amid short supply-like conditions in soybeans, heavy rains in various parts of Maharashtra and fears of floods affecting soybeans were discussed in the futures market. Mustard seed futures were also lifted. Soybean soybean prices soared today.

There was also news of rain in Madhya Pradesh. Meanwhile, in the Mumbai market today, the price of 10 kg of cingulum oil was Rs 120 to Rs 150. While cottonseed oil prices rose to Rs 120. The price of cingulum oil was reported at Rs 1,200 to Rs 12 per kg and Rs 20 to Rs 30 per 15 kg.

In the Mumbai spot market today, the price of castor oil rose by Rs 15 per 10 kg and the variety was quoted at Rs 115 to Rs 115. On the other hand, the price of castor present in Mumbai today jumped by Rs. Castor futures were trading at Rs 710 in August. Meanwhile, at Mundra-Hazira, various delivery prices were quoted at Rs 150 to Rs 12 for palm oil, Rs 1,200 to Rs 1,310 for soyoil and Rs 150 for sunflower.

Meanwhile, the Mumbai flour market was bullish today. The price of soymeal increased by about Rs 2,000 per tonne and jumped to the level of Rs 3,000, hitting a new record high of Rs 30-3. In the Mumbai flour market today, the price of groundnut flour also went up by Rs 1,000 per tonne to Rs 200. However, castor meal prices remained soft at Rs 30-40 today. While the price of sunflower meal was increased by Rs. The others were quiet.

In the Mumbai market, imported palm oil traded at Rs 1,215 to Rs 150 for hawala resale and Rs 150 to Rs 12 for refinery direct delivery for August. Crude palm oil CPO Kandla was up by Rs 1,150. In the futures market, CPO prices rose from Rs 115 to Rs 115 today, while soyoil futures rose above Rs 1,200.

Meanwhile, in the Mumbai spot market, soyoil prices rose to Rs 15-150 for digam and Rs 1,200 for refined. The sunflower was quiet. Mustard oil and rye oil prices were also hitting. Prices of cotton washed ranged from Rs 1,200 to Rs 1,505.

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