Palm oil and soyoil prices retreat in the world market

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(Gujarat News Office) MUMBAI: Cingulum oil prices remained steady in the Mumbai oilseeds market today as cottonseed oil prices continued to decline behind the scenes. Prices of various imported edible oils remained sluggish overall in the spot market. Meanwhile, palm oil futures in Malaysia fell to close at 20, 30, 4 and 5 points in the global market today, while palm product prices fluctuated between two and a half to five dollars.

Soyoil prices in the US agricultural markets were quoted in the projection of 5 to 20 points in the projection this evening. In the Mumbai spot market, the price of 10 kg of cingulum oil was Rs. While cottonseed oil prices fell further to Rs. Producers had further reduced the price of washed cotton to Rs 150, while the price of cingulum oil was reported to be Rs 15 and Rs 15-50 per 15 kg.

In the Mumbai market, mustard oil was quoted at Rs 150 and refined at Rs 150. In the futures market, mustard seed and soybean futures were quoted about one per cent higher this evening.

Meanwhile, imported palm oil prices fell to Rs 15 in the Mumbai market on fresh demand. Crude palm oil CPO Kandla was priced at Rs 1,150. In the futures market, CPO futures were quoted at Rs 1,151.50 and soyoil futures at Rs 15-16 this evening.

In the castor futures market, the September price fell by Rs 5 to Rs 4 this evening. However, the price of castor present in Mumbai today was quoted at Rs. While the price of castor oil present in Mumbai today jumped by Rs.

In the Mumbai flour market today, the price of soymeal fell by an additional Rs 2,000 per tonne to below Rs 2,000 and was quoted around Rs 200. Experts were pointing to the possibility of increasing imports of GM soymeal from overseas. The price of groundnut also fell by Rs 1,000 per tonne to Rs 2,000.

The others, however, were quiet. In the Mumbai thousand market, soyoil prices fell to Rs 16 for digam and Rs 15 for ref. The price of sunflower was Rs.150 and that of ref. Was Rs.150. Coparel was priced at Rs 120 per 10 kg and rice bran at Rs 150.

Meanwhile, according to the central government, the government is currently keeping a close eye on edible oil prices. In Uttar Pradesh, there was talk of a government official starting stock inquiries in the edible oils and oilseeds market.

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