Peanut oil and cottonseed oil

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(Gujarat News Office) MUMBAI: Cingulum oil prices rose sharply in the Mumbai oilseeds market today, while cottonseed oil prices continued to decline behind the scenes. In the futures market, meanwhile, soybean futures jumped another 3 per cent today, signaling a resumption of the bullish circuit. There is currently a shortage of soybean stock in the country and new arrivals in Maharashtra are expected to start around September 15-20.

Even in the new arrivals, the futures market has been seen to be bullish again amid speculation that the goods will be damp in the beginning. Soybean futures bounced today to Rs. Mustard seed futures also rose by about 3 per cent. Soyoil futures were quoted at Rs 13.50 per 10 kg, up from Rs 15.15 this evening, while crude palm oil CPO futures were quoted at Rs 114.50, up Rs 15.

Castor futures stopped declining. Today, Kiev jumped from Rs. The spot price of castor in Mumbai today rose by Rs 30 to Rs 5,100 while the price of castor castor rose by Rs 10 per 10 kg.

Meanwhile, in the Mumbai spot market, cingulum oil was quoted at Rs 150 per 10 kg today, while cottonseed oil fell further to Rs 150. Producers were quoted at Rs 16 for washed cotton while cingulum oil was quoted at Rs 15 for 15 kg and Rs 20 for 15 kg.

In the Mumbai spot market today, the price of imported palm oil rose to Rs. Demand was high. Direct delivery from various refineries had indicated that about 500 to 700 tonnes had been traded at Rs 15 till this evening.

Crude palm oil CPO Kandla was trading at Rs 115 today. The spot price of soyoil in the Mumbai market was Rs. While the price of sunflower was Rs. 1500 and Rs. Mustard oil prices jumped to Rs 150 today and Rs 150 to Rs.

Meanwhile, in the Mumbai flour market today, the price of soymeal jumped by an additional Rs 1,200 per tonne and crossed Rs 3,000 to Rs 30-500. However, others were quiet today. In the Mumbai market, Coparel was quoted at Rs 150 per 10 kg and rice bran at Rs 150.

In the global market, palm oil futures in Malaysia today rose by 3, 6, 7 and 21 points, while the prices of palm products fell by ૧૦ 10 in close delivery. While distant deliveries were speaking louder. There were indications that Indian importers had made deals to import about 2.5 lakh tonnes of soymeal today. There was also talk of re-importing the exported goods.

Meanwhile, the income of mustard in the country today was 30,000 times on the Rajasthan side and the All India income was 1 lakh 80 thousand times. Prices in Rajasthan ranged from Rs 8 to Rs 50. Prices of sunflower in various deliveries at Navi Mumbai port ranged from Rs 150 to Rs 1,200.

There were indications that Argentine farmers were in a strike mood again. In the US market, cotton prices rose by 3 points in overnight trade while soybean prices fell by 210 points. Soymeal prices fell by 8 points overnight and soyoil by 108 points, but this evening the projection was raised by 3 to 4 points.

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