Singtel and cottonseed oil prices fall behind establishments

(Gujarat News Office) MUMBAI: Singtel and cottonseed oil prices continued to decline in the Mumbai oilseeds market today. Imported edible oils, however, were the talk of the town.

In the Mumbai market, the price of 10 kg of cingulum oil was Rs 1,210 while that of cottonseed oil was Rs 15. Producers reduced the price of cingulum oil by Rs 150 to Rs 15 and 15 kg to Rs 30-40. While the price of cotton washed was Rs 120. In the Mumbai market, imported palm oil was priced at Rs 1,210 while crude palm oil CPO Kandla was priced at Rs 1,150. Soyoil prices were quoted at Rs 12 for digam and Rs 12 for ref.

The price of sunflower increased to Rs. 1310 and Rs. The price of mustard was Rs. 150 and Rs. New trades in palm oil were slow today. Coparel was quoted at Rs 1,210 per 10 kg and rice bran at Rs 1,200.

At Mundra, soyoil prices were quoted at Rs 1,315 and Hazira Khak at Rs 19 for various deliveries. In Malaysia, meanwhile, palm oil futures rose to close at 8,9,8 and 9 points respectively. While there, the price of palm products was raised from ૫ 8 to ૫ 12.50. Total palm oil exports from Malaysia grew by about 3 to 4 per cent in September, ITS sources said.

Today, soybean income in Madhya Pradesh was 1 lakh 20 thousand times and All India income was 2 lakh 12 thousand times. In Madhya Pradesh, prices were quoted at Rs 2,000 to Rs 500 per variety. The price of sunflower at Navi Mumbai port today ranged from Rs 1,610 to Rs 120 for various deliveries. At Chennai, the price was Rs 150.

Meanwhile, cotton prices rose 200 points in overnight trade in US agricultural markets. Soybean prices fell by 108 points. There were reports of soybean crushing in oil mills in China following a power shortage.

In the US, soyoil prices were also down 5 points overnight. While soymeal prices were quiet. In the Mumbai flour market, the price of a tonne of groundnut flour went up by Rs 1,000 today while other flours were quiet.

The spot price of castor in Mumbai today was Rs 10 to Rs 315 per kg, while the price of castor oil was Rs 2 to Rs 12 per 10 kg.

In the futures market, the CPO price fell to Rs 1,109.50 from Rs 1,139.50 in the evening while soyoil futures fell to Rs 1,305 from Rs 1,215. Soybean futures and mustard seed futures saw a slow recovery this evening.