Peanut oil and cottonseed oil prices rose

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(Gujarat News Office) MUMBAI: Singtel and cottonseed oil prices rose in the Mumbai oilseeds market today. The news from the manufacturing establishments was showing a rebound. Meanwhile, various imported edible oils were facing the spot market and futures market today.

The spot market was booming. When the futures market appeared to retreat. Meanwhile, soybean futures fell today and a six per cent bearish circuit prevailed again. Today, soybean futures were quoted at Rs 9 for August and Rs 31 for September.

Mustard seed futures fell two per cent today. Soyoil futures fell by Rs 4 to Rs 19.50 per 10 kg and crude palm oil CPO futures by Rs 8 to Rs 1,160.50 today. In Malaysia, palm oil futures rose and fell in various deliveries. In the Chinese market today, however, palm oil and soyoil prices were in the positive while soybean and soymeal prices were in the negative. There were indications of increased Chinese purchases in Brazil.

In the US agricultural markets, soybean prices fell by 30 points in overnight trade, while soyoil prices fell by 12 points and soymeal prices by 8 points. Cotton prices were 110 points softer there. In today's projection, soyoil, soybean and soymeal prices remained soft in the evening while cotton prices were projected to rise again in the projection.

Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil jumped by Rs 1,200 and cottonseed oil by Rs 1,200 today. The prices of cingulum oil were Rs 15 and Rs 15 per 15 kg, respectively, while the prices of cotton washed were quoted at Rs 1.5 to Rs 120 per kg.

In the Mumbai spot market, imported palm oil rose by Rs 15 while crude palm oil CPO Kandla rose by Rs 1,200. There was a shortage of goods. In palm oil, however, new demand slowed down today. The spot price of soyoil was Rs 15 for digam and Rs 150 for refined, while the price of sunflower was Rs 1,200 and Rs 150 for refined. Mustard was priced at Rs 150 and refined at Rs 150.

In the Mumbai flour market today, the price of soymeal fell by more than Rs 1,000 per tonne to Rs 9,000 per tonne, while the price of castor flour remained soft at Rs 100 per tonne. However, others were quiet today. Meanwhile, Mumbai spot castor prices and spot castor prices saw a slow recovery today. On the other hand, in the castor futures market, the price of August rose by Rs 15 to Rs 4 this evening.

At Mundra-Hazira today, various delivery prices were quoted at Rs 150 to Rs 150 for palm oil, Rs 15 to Rs 1,200 for soyoil and Rs 150 to Rs 12 for sunflower. In the Mumbai spot market, Coparel was trading at Rs 150 per 10 kg and rice bran at Rs 1,200.

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