Decline in soybean oil and soybean in the world market

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(Gujarat News Office) Mumbai; In the Mumbai Oilseeds market, edible oils witnessed narrow fluctuations today amid two-way fluctuations. The new demand was winged. There were sporadic trades in hawala-resale in palm oil. In the US agricultural market, soyoil prices fell by 3 points in overnight trade while soyoil prices rose by 3 points, while soybean prices remained soft by 3 points.

In the Mumbai spot market today, the price of 10 kg of cingulum oil was Rs 120 while cottonseed oil was Rs 150. On the Saurashtra side, the price of washed cotton was Rs 150 to Rs 150 while that of cingulum oil was Rs 15 and 15 kg.

Imported palm oil was trading at Rs 1,200 in the Mumbai market today. While crude palm oil CPO Kandla was priced at Rs 115. In the Mumbai market today, the price of soyoil was Rs 15 for digam, Rs 1,205 for ref and Rs 1,800 for sunflower. 150 and Rs. 150 of Rifa. Mustard was priced at Rs 120 and ref.

In the futures market, CPO futures were at Rs 115 and soyoil futures at Rs 19.50 at the end of the week, while soybean futures were last at Rs 315 per kg. Meanwhile, soybean revenue in Madhya Pradesh today was one lakh times while All India revenue was 3 lakh times. Revenue in Maharashtra was one and a half lakh times.

Meanwhile, despite the government's recent reduction in import duty on edible oils, overall market prices have not fallen sharply and have remained high. In Uttar Pradesh, meanwhile, there have been indications that stock limits are being imposed on oil and oilseeds. At Hazira, soybean oil prices ranged from Rs 15 to Rs 150 today.

Meanwhile, the market for edible oils will initially focus on palm oil prices in Malaysia and the rupee and the dollar in the domestic currency market, market analysts said.

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