On Navratri, edible oils are also booming

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- The impact of the global boom, the boom in establishments and the move in the dollar

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils rose in the Mumbai Oilseeds market today before Navratri. Demand also increased. About 500 to 600 tonnes of imported palm oil was traded in various deliveries today. World market and manufacturing news were also showing signs of recovery.

The futures market also saw a rebound. In the Mumbai spot market, the price of 10 kg of cingulum oil fell sharply to Rs 15. While the price of cottonseed oil was Rs.

Imported palm oil was quoted at Rs 120, while crude palm oil CPO Kandla was quoted at Rs 1,150. In the futures market, CPO prices rose by Rs 2.50 to Rs 115.50 while soyoil futures rose by Rs 12.50 to Rs 19.

Soybean futures rose by Rs 500 in Kiev today while mustard seed futures rose by Rs 4. In the global market, palm oil futures in Malaysia jumped 17 points. In the US, soyoil prices were projected at 41 to 5 points higher this evening.

In the Mumbai spot market, soyoil prices rose from Rs 15 to Rs 150 for digam and Rs 15 for refined. The price of sunflower was increased by Rs 150 and refined by Rs 1,200. Mustard oil rose by Rs 150 and refined by Rs 150.

On the Saurashtra side, meanwhile, the price of cingulum oil stopped falling and rose again by Rs 150 to Rs 150, 15 kg for Rs 200 to Rs 20 and cotton washed for Rs 15. In the Mumbai spot market, castor oil prices rose by Rs 5 today, while spot castor was quoted at Rs 705 from Rs 4,050.

In the Mumbai flour market, the price of a tonne of groundnut, sunflower flour and soymeal fell by Rs 800 to Rs 1,000 today. While the price of castor meal jumped by Rs 20 per tonne to Rs 101,150.

In Malaysia, palm oil prices rose by ૫ 4 to ૫ 4.50, compared to a three per cent increase in the first five days of October. Prices for various deliveries at Mundra-Hazira ranged from Rs 150 to Rs 150 for palm oil, Rs 150 to Rs 150 for soyoil and Rs 1,315 to Rs 12 for sunflower.

Meanwhile, in the US agricultural market, cotton prices rose by 200 points in overnight trade, while soybean prices rose by 12 points and soyoil prices rose by 3 points. According to global analysts, edible oils have risen on rising global crude oil prices. However, there was news of falling soymeal prices.

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