Retreat in various domestic and imported edible oils

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(Gujarat News Office) MUMBAI: New trades in the Mumbai oilseeds market were slow today. There were sporadic operations in hawala resell in imported palm oil. Prices of various domestic and edible oils remained soft today. The news of the manufacturing establishments was showing a retreat.

In the US agricultural market, soybean oil prices were in the range of 5 to 20 points in the projection this evening, while soybean and soymeal prices were also lower in the projection.

However, there were indications that palm oil futures in Malaysia today rose to 7, 8, 21 and 9 points plus. Palm product eyebrows were raised there from ૫ 2.50 to ૫ 16.00. In the Mumbai spot market, 10 kg of palm oil was trading at Rs 1,505 today. At the bottom, the price was Rs.

Crude palm oil CPO Kandla was down by Rs 1,150. In the futures market, CPO futures were trading at Rs 1,109.50 and Rs 1,117.50, while soyoil futures were trading at Rs 1,905.50, down from Rs 1,405. The soybean market was 1.5 per cent softer today.

Meanwhile, in the Mumbai spot market today, cingulum oil was down by Rs 15 while cottonseed oil was down by Rs 15. Producers had indicated that the price of cotton washed was Rs 120 while that of cingulum oil was Rs 15 and 15 kg was Rs 50.

In the Mumbai market, the spot price of soyoil was sluggish at Rs 150-14 for digam and Rs 15 for refined. Sunflower was priced at Rs 1,200 and refined at Rs 150. Mustard was priced at Rs 150.

The spot price of Mumbai castor oil today fell by Rs 5 to Rs 121 to Rs 151 per kg. While the current castor price in Mumbai was Rs. In the Mumbai flour market, the price of a tonne of soymeal was quoted at Rs 30,200 to Rs 4,050 per tonne. The others, however, were quiet. Mumbai Coparel was priced at Rs 1,210 per 10 kg while rice bran was priced at Rs 1,200.

Meanwhile, total palm oil exports from Malaysia were reported to have increased by 30 to 40 per cent in the first three days of September. At Mundra-Hazira, various delivery prices ranged from Rs 1,515 to Rs 12 for palm oil, Rs 15 to Rs 12 for soyoil and Rs 1,905 for sunflower. Soybean income in Madhya Pradesh today was 1 lakh 20 thousand times and All India was 2 lakh 3 thousand times.

In Madhya Pradesh, prices ranged from Rs 2,000 to Rs 600 per variety. Prices for various deliveries of sunflowers at Navi Mumbai port ranged from Rs 1,200 to Rs 1,200 to Rs 1,200 at Chennai. In US agricultural markets, soybean prices rose by 3 points in overnight trade, while soybean prices rose by 3 points, soymeal by 12 points and cotton by 203 points.

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