Soybean futures jumped another six per cent to a record high of Rs 10,000

-


(Gujarat News Office) MUMBAI: Market players were stunned today as soybean futures advanced to a record high and prices rebounded by another six per cent in the Mumbai Oilseeds market. Today, soybean futures were quoted at Rs.

September futures prices were significantly lower against August. The week saw a one-day bearish circuit on Monday, Tuesday and Wednesday after the bullish circuit took effect, followed by a six-six per cent bullish circuit on Thursday and Friday as prices rebounded.

In Avik, futures prices jumped by about Rs 2,000 to a record high of Rs 10,000. Crop and planting directions were showing signs of recovery and there was a shortage of moving goods in the spot, market sources said.

In the global market, palm oil futures prices in Malaysia fell by 12, 3, 4 and 5 points in various deliveries today, while palm product prices fell by ૫ 8 to ૧૦ 10 today. Total palm oil exports from Malaysia are expected to fall by about 3 to 4 per cent in July, world market analysts said today. Palm oil prices rose in China today while soyoil prices fell.

With the rise in soybean prices, the price of soymeal in the Mumbai flour market today jumped by an additional Rs 2,000 to Rs 3,100 per tonne, crossing the Rs 6,000 level and touching Rs 200 to Rs 500. Other holes were also raised. The price of groundnut flour had gone up by Rs 1,000 per tonne to Rs 30,000 today while the price of sunflower meal had gone up by Rs 200 to Rs 2,000. Castor meal prices rose by Rs 100 to Rs 50 per tonne. In the Mumbai spot market today, soyoil prices rose by Rs 150 for digam and Rs 1,200 for refined.

Imported palm oil was priced at Rs 15-16. Today, palm oil traded at around Rs 120-16 per tonne in hawala-resale, while refinery direct delivery traded at around Rs 100-150 per tonne at Rs 115 per tonne for August. In the futures market this evening, however, soyoil futures were soft at Rs 5-7 while crude palm oil CPO futures were down by Rs 15-16.

In the Mumbai spot market, cottonseed oil prices rose to Rs 1,305 today. While the cingulum oil was quiet. Mustard prices rose to Rs 120 and refined to Rs 150. Castor present and present castor were quiet. Cotton washed prices were hovering between Rs 150 and Rs 15 today. In the castor futures market, August prices fell by Rs 15 to Rs 20 in the evening.

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