Various oilseeds production boom due to lack of rainfall

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(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils remained firm in the Mumbai oilseeds market today. Demand was up, news of manufacturing establishments was showing strength. There were indications of a bullish current in the market amid lack of rainfall at various manufacturing plants.

In such an environment, the bullish circuit was implemented today with the rise in castor futures prices. Apart from castor, cumin and guar gum also showed signs of a bullish circuit today. Castor September futures today at Rs. Bouncing Rs. There were indications that 200 were spoken. Mumbai spot castor price today Rs. Bouncing Rs. 2120 were spoken.

While the price of castor present in Mumbai today is Rs. ૪૫ Bounced variety price Rs. 150 to 150 were spoken. Meanwhile, cingulum oil prices rose by 10 kg to Rs. 150 while the price of cottonseed oil rose to Rs. 1310 and the price of mustard oil increased by Rs. 150 and Rs. Lived in 1910.

Imported palm oil prices today at Rs. 120 remained. In palm oil, Rs. About 100 to 150 tonnes of ready delivery was traded between September 18 and 190, while the direct delivery of refined for September 1 to 10 was Rs. In 19, it was about 200 to 300 tons. Meanwhile, crude palm oil CPO Kandla today touched Rs. 115 remained.

CPO and soyoil prices were higher in the futures market this evening. Soybean and mustard seeds futures were also in the plus. Mustard seed revenue was 40,000 times in Rajasthan and All India revenue was 1.5 million times. Price in Rajasthan is Rs. There were 20 to 5.

In the Mumbai spot market today, soyoil prices are at Rs. 15 and Rs. 12 while the price of sunflower was Rs. 150 and Rs. 120 remained. Producers today set the price of cingulum oil at Rs 12 and 15 kg at Rs. 50 while the price of cotton washed was Rs. 15 to 120 lived.

In the world market, palm oil futures in Malaysia today fell to minus 9, 12, 13 and 14 points, while the price of palm products was in the range of ૫ 8 to પ 10 plus. Total palm oil exports from Malaysia are expected to fall by about 15 to 18 per cent in the first three days of August, according to world market analysts.

In India, consumers could have benefited if the government had in fact reduced GST instead of reducing the import duty on edible oils, market insiders said. Prices are rising in the world market when import duty is reduced in the country. It does not benefit the consumers despite the reduction in duty. Meanwhile, soymeal prices in the Mumbai flour market today touched Rs. 2000 bounced Rs. 5 thousand were surpassed.

The price of castor meal is Rs. 2000 with Rs. There were 3120. However, the price of sunflower meal today is Rs. 1000 were broken while the others were quiet. Meanwhile, according to world market news, the Chinese government sold about 300,000 tonnes of soybeans at auction out of the total amount of soybeans imported in 2016.


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